Shanda Games’ small leisure game subsidiary Mochimedia.com has signed an agreement with 4399.com, a Chinese small game platform, making the latter its first Chinese major channel provider since its entry into the Chinese market.
Shanda Literature, the Internet literature subsidiary of China’s Shanda Interactive Entertainment Limited, has announced that it has acquired the Chinese digital periodical website Zubunet.com.
Chinese online game company Shanda Interactive Entertainment Limited announced its unaudited consolidated financial results for the second quarter ended June 30, 2010, and showed its game revenue dropped.
China’s Ku6 Media Company Ltd., which boasts a new focus on Internet video services after dumping its poor wireless services offerings and its old name of Hurray, today announced its unaudited financial results for its second quarter ended June 30, 2010.
Chinese online game firm Shanda Interactive Entertainment Limited announced that it has completed its business swap with Ku6 Media Company Limited.
Chinese online game developer and operator Shanda Games has launched a new outsourcing platform, and it started to accept qualification applications of outsourcing vendors from July 23, 2010.
Hurray, a subsidiary of the Chinese media and game company Shanda Interactive Entertainment Limited, has announced that it will sell its music and wireless value-added businesses to the parent company.
Utan.com, a new website launched by Shanda Games’ former CEO Li Yu, has recently started beta tests and is focused on the Chinese youth market.
Following the cooperation with Taiwan-based King Rex Hi Media for the operation of Gold Land in Hong Kong, Macau, and Taiwan, the Chinese mainland online game developer and operator Giant Interactive Group has recently reached agreements with six other companies to jointly operate this webgame on Chinese mainland.
Shanda Literature, the online literature subsidiary of China’s Shanda Interactive Entertainment, has reportedly registered and established a subsidiary in Singapore, aiming to expand into the English-language digital and mobile e-book reading market.
Chinese online game developer and publisher Shanda Games Limited announced its unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2009, and stated net revenues increased 39% year-over-year and 5% quarter-over-quarter to a record high of CNY1.33 billion.
According to ifeng.com, an initiative has been launched in China to enable parents to supervise computer games that their children play.
Shanda Literature has acquired Readnovel.com, following recent acquisitions of several other Chinese literature websites, including Qidian.com, Hongxiu.com, Jjwxc.net, and Rongshuxia.com.
Shanda Games Limited announced over the weekend that Diana Li has resigned as the company’s chief executive officer and a member of the board of directors to pursue other interests.
China’s Ministry of Culture has published “2009 China Online Game Market White Paper”, which reviews the general development and management of China’s online game industry in 2009 and reveals authoritative data for the industry.
Two of Shanda Interactive Entertainment Limited’s subsidiaries have been busy this week doing an acquisition and hiring a new executive, respectively.
