In China, 'Disney' deals turn out to be fantasy

The Hangzhou Daily reported that a building in Ningbo was emblazoned with a Disney logo

Sui-Lee Wee  |  Beijing 

In 2013, Meng Dekai, a Disney executive in China, signed a deal with the mayor of Hefei to build a $1.3 billion “Disney cultural and industrial park.” It was one of several agreements with multiple cities in China that Meng apparently signed. The only problem: He was not allowed to do so. The Walt Disney Company said on Wednesday that it had parted ways with Meng — it did not say whether he resigned or was fired — after opening an investigation into allegations that he had signed deals with local governments for Disney-related projects. The ...

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In China, 'Disney' deals turn out to be fantasy

The Hangzhou Daily reported that a building in Ningbo was emblazoned with a Disney logo

The Hangzhou Daily reported that a building in Ningbo was emblazoned with a Disney logo In 2013, Meng Dekai, a Disney executive in China, signed a deal with the mayor of Hefei to build a $1.3 billion “Disney cultural and industrial park.” It was one of several agreements with multiple cities in China that Meng apparently signed. The only problem: He was not allowed to do so. The Walt Disney Company said on Wednesday that it had parted ways with Meng — it did not say whether he resigned or was fired — after opening an investigation into allegations that he had signed deals with local governments for Disney-related projects. The ... image
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