It is owned by NBCUniversal, a division of Comcast, and Beijing Shouhuan Cultural Tourism Investment.

In February 2009, Shanghai Securities News reported that Universal Studios was close to winning approval from China's government to build a theme park in Beijing.

[8] Construction of Phase 1 of Universal Beijing Resort completed in April 2021,[9] and opened on September 20, 2021.

[9] Universal Studios Beijing is the resort's flagship park and opened as part of phase one.

CityWalk opened on September 2, 2021[10] as part of the resort's first phase without entrance fee.