Pursuits
Disney Announces June 16 Opening for Shanghai Theme Park
- $5.5 billion mainland resort will emphasize Chinese culture
- CEO stays bullish on region amid slower economy, market drop
Aerial view of the Shanghai Disney Resort under construction in Pudong, Shanghai, China, 12 December 2015. Source: Shanghai EYE/Imaginechina/AP Images
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Walt Disney Co. said it will open the new Shanghai Disney Resort on June 16, unveiling the company’s largest foreign investment at a time of turmoil in the Chinese economy.
The $5.5 billion resort, Disney’s first on mainland China, features the company’s tallest castle, two hotels and a pirates-themed land. At 963 acres, it’s three times the size of Hong Kong Disneyland.