Chinese archeology professor Jack teams up with beautiful Indian professor Ashmita and assistant Kyra to locate lost Magadha treasure. In a Tibetan ice cave, they find the remains of the royal army that had vanished together with the treasure, only to be ambushed by Randall, the descendent of a rebel army leader. When they free themselves, their next stop is Dubai where a diamond from the ice cave is to be auctioned. After a series of double-crosses and revelations about their past, Jack and his team travel to a mountain temple in India, using the diamond as a key to unlock the real treasure.

Time Raiders is based on the online novel series Daomu Biji written by Xu Lei. It tells the story of explorers searching for the secrets of immortality in ancient tombs