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China's technology companies splash out in a cartoon arms race

For Chinese companies, the development of compelling series and characters could also open up new business opportunities that companies like Disney have exploited

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China’s animation market is expected to hit $33.22 billion by 2020

Reuters
Growing up in the Chinese port city of Dalian in the 1990s, Zhang Hongchang spent hours immersed in Japanese cartoons like Dragon Ball and Naruto.
 
China’s home-grown cartoons paled in comparison to the Japanese anime series on television and in comic books that captured the imaginations of Zhang and his generation.
 
Today, Zhang is one of China’s hottest cartoonists and at the forefront of a new wave of Chinese animation that is being driven by the country’s technology and internet giants. His latest hit comic – which stars a high school student who is also a Taoist priest