China’s ‘Netflix’ iQiyi is set to open a theme park with virtual reality based on its own shows

Key Points

Chinese videostreaming platform iQiyi said Thursday it plans to open its first theme park this year, based on characters from its own shows.
The forthcoming “iQiyi Land” is set to open in the city of Yangzhou in Jiangsu province, just over two hours from Shanghai by high-speed train.
Legoland is opening its first China resort in Shanghai this summer, while Warner Bros. Discovery last month announced it is developing a “Harry Potter Studio Tour” in Shanghai with a projected opening of 2027.

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