Universal Parks & Resorts and its Chinese partners are expanding plans for a 300-acre theme park in Beijing, doubling their investment to $6.5 billion on heightened optimism about the booming Chinese theme-park market, according to a person familiar with the matter. The investment would surpass that of Walt Disney Co.’s Shanghai Disney Resort, which at the time of its 2016 launch cost more than $5.5 billion, and would be the most ever spent on a theme park at the time of opening, according to industry experts.

Source: Wall Street Journal May 07, 2018 10:06 UTC