The announcement was made Thursday by IMAX Corp., in partnership with China Film Group, Wanda Group and Village Roadshow Pictures.
This marks the first Mandarin-language film to be directed by a Western actor. It is to open July 5 in China, with the possibility of expanding to other territories.
"We're happy to be back in business with our longtime partner Keanu Reeves, an advocate of the IMAX experience and a global star who has already proven to be very popular with our audiences," Greg Foster, chairman and president of IMAX Entertainment, said in a statement. "We look forward to working closely with Keanu and our good friends at Wanda, Village Road Show and China Film Group on this blockbuster title."