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HONG KONG?
The ?era of blindly following Mickey Mouse? has ended, says Chinese tycoon Wang Jianlin, whose Dalian Wanda Group operates a style park in China?s eastern Jiangxi Province; but, competition for the Chinese entertainment conglomerate is heating up as Shanghai Disneyland opens Thursday.
Richard Huang, who analyzes China?s entertainment industry for Nomura investment bank, said there is a lot of room in the Chinese market for both Disney and Wanda to thrive.
He says,? check here of them take advantage of the under-investment the country has manufactured in these entertainment venues. Because even in major cities like Shanghai you can find no international standards or world class standard parks.?
Competition heats up
Tickets at Disney?s $5.5 billion Shanghai park will cost about doubly much as those to the Nanchang Wanda Park, but Disney says the high prices will prevent overcrowding. Disney?s park can be twice as large as the Wanda park and boasts the biggest Disney castle on the globe. The Wanda park says it has one of the largest roller coasters and the highest free-fall ride in China.
FILE - Wang Jianlin, chairman of Wanda Group, smiles at the Ninth Asian Financial Forum in Hong Kong on Jan. 18, 2016.
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