You are here: Home » Reuters » News
Business Standard

As Shanghai's Magic Kingdom turns one, Disney pushes further into China

Reuters  |  SHANGHAI 

By Brenda Goh and Adam JourdanSHANGHAI (Reuters) - Walt Disney celebrates the first anniversary of its $5.5 billion theme park in Shanghai on Friday, a key plank of the entertainment giant's push into the world's second-largest economy through everything from English schools to films.China matters for Mickey Mouse's owner: its box office takings there have tripled over the last two years and Shanghai Disneyland has seen more than 10 million guests in its first year, setting it on track for faster profits than Disney reaped from parks in Paris and Hong Kong, both loss-making for most of the ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, June 16 2017. 17:37 IST