Theme park and tourism group OCT reported annual operating revenue of RMB 35.48 billion in 2016, 10.07% more than previous year. Net income attributable to shareholders rose 48.44% YoY to RMB 6.89 billion.
SoReal, a startup co-founded by Chinese film director Zhang Yimou, is preparing to open this year what it bills to be the world’s first VR theme park. Researcher IDC predicts China will overtake US as the world’s largest VR market in 2019.
WeChat launched a new bid in Europe and US to develop its payments offering and win new advertisers. The Chinese social media and messaging giant will in time expand to travel and broader retail services.
Theme park operator Fantawild reported that operating revenue from its cultural and technological parks climbed 33.51% to RMB 1.77 billion in 2016, accounting for a dominant 91.03% share of the company’s total income in the year.