Pursuits
Wanda Opens First China Theme Park as It Takes Aim at Disney
- Billionaire Wang Jianlin plans 15 parks in China, 3 overseas
- Disney to open first China theme park in Shanghai on June 16
It's Wang vs. Walt in China's Theme Park Wars
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Billionaire Wang Jianlin Saturday officially unveiled Dalian Wanda Group Co.’s Wanda City, the first of the company’s 15 planned theme park and entertainment projects in China that it hopes will help it unseat Walt Disney Co. as the world’s largest tourism operator.
The Wanda Cultural Tourism City, spanning 2 square kilometers (200 hectares) in Nanchang, in the southeastern Jiangxi province, features a theme park, a movie park, an aquarium, hotels and retail stores, the company said in an e-mailed statement. Wanda expects the complex to attract 10 million people a year, according to the statement.