Comment on China's Wanda prepares for battle with 'old brand' Disney

China's Wanda prepares for battle with 'old brand' Disney

BEIJING (AP) — Mickey Mouse has a new and deep-pocketed challenger: China's shopping mall king. The developer that bought Hollywood studio Legendary Entertainment is preparing to fight Disney to lead China's — and possibly the world's — theme park industry. Wanda Group and its billionaire founder, Wang Jianlin, are inaugurating a sprawling entertainment complex Saturday in China's southeast three weeks before the June 16 opening of Disney's first mainland Chinese park in Shanghai. Wanda's 20 billion yuan ($3 billion) site in the city of Nanchang has an outdoor theme park and teacup-shaped buildings that house a shopping mall, cinemas, restaurants, a film park and the world's largest ocean park.Read more on NewsOK.com

 

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