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Shanghai Disneyland to reopen on May 11 with limited traffic

Tokyo, Hong Kong and other parks remain closed as company suffers near-$1bn blow

On Tuesday, Disney reported a 37% year over year operating income decline for the three months ended March, driven by the COVID19 impact.   © Reuters

PALO ALTO, U.S. -- The Walt Disney Co. will start reopening Shanghai Disneyland on May 11, it announced Tuesday, more than three months after closing the theme park.

"We are seeing encouraging signs of a gradual return to some semblance of normalcy in China," new CEO Bob Chapek said on an earnings call.

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