Evergrande deploys 500 Barco digital projectors in new cinema chain

Evergrande Real Estate Group (3333.HK), one of the ten largest real estate developers in mainland China, is expanding its business to the cinema industry. In an initial phase, the Evergrande Cinema Line is building 77 cinema complexes in residential neighborhoods across the country, five of which are already operational. To equip the theaters with the latest digital cinema projection technology, Evergrande is teaming up with digital cinema leader Barco, who will provide over 500 of its 2K digital projectors, including the DP2K-32B and DP2K-20C units.