Wanda chief says new Dis­ney Park will strug­gle

China Daily (Canada) - - NEWS CAPSULE -

The Shang­hai Dis­ney Re­sort opens on June 16, and Wang Jian­lin, chair­man of the Chi­nese con­glom­er­ate Dalian Wanda Group, sent a sig­nal to its ri­val that it plans to re­main the in­dus­try leader in China.

Wang said that the new theme park will strug­gle to com­pete against his en­ter­tain­ment parks in China be­cause of the high cost of ad­mis­sion and that the out­door theme park that will be af­fected by the city's cold win­ters and rainy sea­sons. Wang made his com­ments in a pro­gram on State broad­caster China Cen­tral Tele­vi­sion (CCTV).

Dalian Wanda has more than 15 theme parks in China and plans to open 400 chil­dren's ed­u­ca­tional parks by 2020.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.