中国这些资产，被韩国人偷偷买走了

Core Viewpoint - The article discusses the failure of the Suzhou Huayi Brothers Movie World, which was once envisioned as a "Chinese Disneyland," and its subsequent acquisition by Korean capital, highlighting the challenges faced by domestic companies in the theme park industry and the increasing interest of foreign investors in China's cultural tourism sector [4][8][25]. Group 1: Huayi Brothers' Theme Park Dream - The Suzhou Huayi Brothers Movie World, which opened in 2018, was intended to replicate the success of Disneyland but has faced continuous losses, leading to its acquisition by MBK Partners [4][6][13]. - The park, covering 690 acres, suffered losses of 134 million yuan, 162 million yuan, and 93 million yuan from 2018 to 2020, ultimately leading to its bankruptcy restructuring in 2024 [13][14]. - Huayi Brothers initially aimed to generate significant revenue from the park, projecting 18 billion yuan in annual income from 20 planned projects, but the reality proved disappointing [11][12]. Group 2: Foreign Investment in Chinese Cultural Tourism - MBK Partners has previously engaged in "distressed asset" investments, acquiring underperforming assets at a discount, as seen in their successful turnaround of Osaka Universal Studios [22][25]. - The acquisition of Suzhou Huayi Brothers Movie World is part of a broader trend of foreign capital entering China's cultural tourism market, driven by relaxed regulations and a favorable investment environment [26][28]. - The strategic location of the Suzhou park, situated in a prime tourist area, enhances its potential for recovery and profitability, attracting foreign investment interest [33]. Group 3: Challenges in the Domestic Theme Park Market - Domestic theme parks often struggle due to high investment costs and long payback periods, with many companies unable to sustain operations long enough to see returns [15][20]. - The reliance on popular film IPs has not translated into sustained visitor interest, as evidenced by the declining box office performance of related films [16][20]. - The article suggests that the broader issue lies in the lack of effective IP cultivation and operational strategies among domestic companies, which has led to failures in the cultural tourism sector [20][22].