Xi Jinping

China's Wanda prepares for battle with 'old brand'

Mickey Mouse has a new and deep-pocketed challenger: China's shopping mall king.

The developer that bought Hollywood studio Legendary Entertainment is preparing to fight Disney to lead China's - and possibly the world's— theme park industry.

Wanda Group and its billionaire founder, Wang Jianlin, are inaugurating a sprawling entertainment complex Saturday in China's southeast three weeks before the June 16 opening of Disney's first mainland Chinese park in Shanghai.

Wanda's 20 billion yuan ($3 billion) site in the city of Nanchang has an outdoor theme park and teacup-shaped buildings that house a shopping mall, cinemas, restaurants, a film park and the world's...