Wanda chief says new Disney Park will struggle
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.