China's ‘Netflix' iQiyi is set to open a theme park with virtual reality based on its own shows
1. iQiyi plans to open its first theme park in Yangzhou, China, this year. 2. The park will feature seven attractions, including VR and interactive experiences. 3. China's theme park revenue is projected to exceed 480 billion yuan this year. 4. Tourism growth contrasts with weak retail sales in China's consumer market. 5. iQiyi shares rose nearly 3% after the announcement, up 14% this year.