Pursuits
Disney, China Will Invest $4.4 Billion in Shanghai Resort
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Walt Disney Co. and its state-owned China partner will invest about $4.4 billion building a resort in Shanghai, the entertainment company’s second amusement park in the world’s most-populous nation.
The Shanghai Disney Resort will open in about five years and be the first in mainland China for the world’s biggest theme-park operator, which opened Hong Kong Disneyland in 2005. Shanghai Shendi Group Co. will own 57 percent of the resort with Disney owning the rest, and financing will be proportional to ownership, according to a statement today.