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Monday, 26 September 2016

Wanda steps up rivalry against Disney in China with second park

Wanda park

China's Dalian Wanda has stepped up competition with Walt Disney, opening its second theme park in the country. 

On Saturday, the company welcomed the first visitors to the new 34bn yuan ($5.1bn; £3.9bn) park in Hefei which also has hotels and a shopping mall. The firm plans to build as many as 20 more such parks across China by 2020.
Wang Jianlin
Wanda chief Wang Jianlin: not too keen on Disney's China presence

Wanda park attractions

Dalian Wanda has been outspoken about its rivalry with US firm Walt Disney which opened its first theme park in mainland China in June.
In May, Wanda launched its first theme park in Nanchang just weeks before Disney launched its Shanghai park.

At the Nanchang opening, Wanda owner and China's richest man, Wang Jianlin, said he wanted to move away from Western imports and to establish a global brand based on Chinese culture.