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Disney Opening Sparks Fierce Chinese Theme Park Rivalry

The “era of blindly following Mickey Mouse” is over, says Chinese tycoon Wang Jianlin, whose Dalian Wanda Group operates a theme 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 plenty of room in the Chinese market for both Disney and Wanda to thrive. He says,“Both of...

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