Dalian Wanda Group chairman Wang Jianlin signed a deal with the city of Wuxi, just west of Shanghai, to build a $5.9 billion “cultural tourism city,” the Wuxi Daily reports. The project would be called Wuxi Wanda City, and would cover 296 acres around a lake. The area would feature a outdoor amusement park, a “film city” with 3D cinemas, an indoor children’s theme park, an “extreme sports hall,” seven resort hotels, a commercial center with over 200 retail shops, and a “bar street” of at least 20 venues.
Wuxi Wanda City will have richer content than Disney,” the company’s billionaire chairman was quoted as saying. “We expect to attract 20 million tourists a year. Wanda has confidence that [our tourism project] will surpass Disney in both revenue and number of visitors.”
Do you think this company can compete with the top entertainment company in the world?
Read more over at the Hollywood Reporter