Published in the Hollywood Reporter on 4th March 2014:
http://www.hollywoodreporter.com/news/universal-studios-build-2-billion-686156
Source:Universal Studios is planning to open a Hollywood movie theme park, Universal Studios Beijing, in the suburbs of the Chinese capital in collaboration with a local state tourism company.
The news was released on the website Sina's property pages, and spread quickly online, with much excited chatter on China's Twitter, Weibo.
The facility will cover a 51-acre site and the total budget will be 12 billion yuan ($1.95 billion), with construction due to start in the fourth quarter of 2014, according to the local media report.
http://www.hollywoodreporter.com/news/universal-studios-build-2-billion-686156