Light Chaser: Venture-Backed Light Chaser Animation Teams Up With Alibaba Pictures

Beijing-based animation start-up Light Chaser Animation, backed by GGV Capital, ChengWei Venture Fund, Hillhouse Capital and IDG Capital Partners, has reached an agreement with Alibaba Pictures to distribute and co-finance its first animated movie, according to a company announcement. The movie, named Little Door Gods, will be the first animated movie co-financed by Alibaba Pictures. [...]Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.