Posted
Walt Disney Co. said it will open the new Shanghai Disney Resort on June 16, unveiling the company’s largest foreign investment at a time of turmoil in the Chinese economy. The $5.5 billion resort, Disney’s first on mainland China, features the company’s tallest castle, two hotels and a pirates-themed land. At 963 acres, it’s three times the size of Hong Kong Disneyland. The project, years in the planning, represents a long-term bet on a region now experiencing economic pain.
Read more from Bloomberg. Also, from China: Xinhua , and financial: The Wall Street Journal.