Well Shanghai isn't exactly southeast Asia, and I thought Universal was planning a park in nearby South Korea
There's just a fence around the perimeter of where the park will be in South Korea. Universal also has a deal to build a park in Beijing. It's going to be interesting to see how Universal polls off building two parks in the freezer (South Korea and Beijing) and one in the furnace (Dubai).
Actually NBC Universal holds half of the stake on the Orlando resort, with the other half being owned by the Blackstone Entertainment Group.
Universal Studios Japan is being taken off the stockmarket and is going into private hands this year with help of a financial company. NBC does not own any part of the Japan park after it sold it's stake early after the park opened.
The other universal resorts under construction are licensee agreements only which benefits NBC via royalties much like the way Tokyo Disney is run.
In my opinion Universal creative (who design most of the universal attractions regardless for what resort) have given Imagineering a run for their money lately and a few of the Orlando attractions are far superior to their Disney neighbor.