Oriental DreamWorks also announced it will make the next Kung Fu Panda movie, the third installment in the series, in China for release in 2016.
The ambitious move comes after Walt Disney, another US entertainment company, last year broke ground on its planned $3.7 billion theme park in Shanghai, which is scheduled to open in 2015.
The first two Kung Fu Panda films enjoyed great success in the Chinese market, and the second film took in 470 million yuan at the box office.
Li said the company plans to release up to three films a year and its first feature-length animated film is scheduled for global release in 2017.
Established with an initial investment of $330 million, Oriental DreamWorks is owned by DreamWorks Animation SKG, producer of the original Kung Fu Panda and other animated feature films, and its Chinese partners, which include three State-owned enterprises.
They are the Shanghai-based China Media Capital, Shanghai Media Group and Shanghai Alliance Investment Ltd, one of the largest cultural exchange and cooperation programs between China and foreign countries.
The Chinese companies will hold a 55 percent stake in the new company, while DreamWorks Animation will control the rest.
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