Chinese developer Wanda opens theme park to take on Disney

NANCHANG, China (AP) — China’s largest private property developer, the Wanda Group, has opened an entertainment complex it’s positioning as competition for Disney and its $5.5 billion Shanghai theme park opening next month.

Wanda executives unveiled their $3 billion “Wanda City” in the southeastern provincial capital of Nanchang on Saturday to thundering music reminiscent of the “Pirates of the Caribbean” theme and hailed the center as a new experience that mixed culture and tourism.

The property group is investing heavily in the film and cinema business and has spoken openly about overtaking Disney as a leading entertainment brand.

The massive site includes an $800 million theme park, an indoor shopping mall with cinemas, restaurants, hotels and the world’s largest ocean park.