Disney is reportedly preparing to announce a new theme park in Shanghai as early as this week.
The announcement coincides with the 10th-anniversary celebration of the Shanghai Disney Resort.
Disney Experiences Chairman Josh D'Amaro is attending the event in China.
This project marks the first major development under Disney’s $60 billion investment plan for its Experiences division.
Codenamed Project Atlas, the new park will be built adjacent to the existing Shanghai property.
Speculation suggests the site will feature immersive lands based on the Avatar, Moana, and Marvel franchises.
The current Shanghai resort welcomed its 100 millionth guest in late 2024.