Chinese Parents to Soon Feel Terrible About Not Taking Their Kids to Disneyland

Chinese Parents to Soon Feel Terrible About Not Taking Their Kids to Disneyland

Exciting news for the children of China: Walt Disney Co. and its Chinese government friends have finally broken ground on Shanghai Disneyland, reports the Wall Street Journal. The "Disneyland" portion is just part of what will be a $4.4 billion resort with hotels, shops, restaurants, and everything a person could ever want, because after all, it's Disney! Everyone wants to go to Disneyland! Despite that, it took over a decade to get the Chinese government to agree to this.

As part of the deal, the majority of the resort is controlled by three state-owned businesses called the Shanghai Shendi Group. Disney holds 43%. The park's completion is expected to take five years.

Of course, Disney views China as a "great market," and China can't help but love Mickey Mouse. Thus, "Shanghai Disney Resort will be both authentically Disney and distinctly Chinese," [Disney Chief Executive Robert] Iger said. Shanghai Disneyland will be the sixth park world-wide.

Chinese parents: When announcing your impending trip, remember that the element of surprise is not always on your side.

Disney Breaks Ground on Shanghai Theme Park [WSJ]


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