With the rapid growth of China's economy and average consumption level, residents' demand for entertainment and culture other than daily expenses has significantly increased. As a major part of the entertainment market, the theme park industry in China has also been experiencing huge and fast expansion. This paper examines the influences of international theme parks on the Chinese local theme parks. The financial performance of Disney Shanghai and Songcheng, a Chinese local theme park, was compared. Disney's business models and intellectual properties (IP) cultures and the fierce competition in the theme park industry in China were also discussed. The finding indicates that local Chinese theme park operators face problems competing with international theme parks, including a lack of original and influential IPs, insufficient diversity in the attractions, and inexperienced operation skills compared with international theme parks. However, since China has the world's largest population and a highly developed tourism industry, the potential of the theme park market is great in the future. Future research and development of the Chinese theme park industry should focus on improving the business strategy of Chinese theme park operators, learning and integrating with the diversity and advanced technology and systems from their international counterparts while digging deep into the Chinese traditional cultures to develop original IPs. We compare domestic and foreign amusement parks through financial statements, the growth rate and change rate of domestic and foreign amusement park visitors, IP cultural output and business model operation.