Why did Universal Studios give up Shanghai?

The reasons why the studio gave up Shanghai are:

1. Shanghai is not a city with tourism as its pillar industry. Its current tourism economic status and urban land supply scale are difficult to support Disney and Universal Studios at the same time.

Disney has seized this opportunity, and the existence of Universal Studios will have great commercial risks. It is difficult for Shanghai to provide the space and conditions for the simultaneous development of two world-class theme park brands.