Shanda

Shanda Group
FormerlyShanda Interactive Entertainment Limited (Chinese: 盛大互动娱乐有限公司; pinyin: Shèngdà Hùdòng Yúlè Yǒuxiàn Gōngsī)
Company typePrivate
GenreInvestment firm
Founded1999 in Shanghai, China
Founders
Headquarters
Menlo Park
,
California, United States
Number of locations
Areas served
Multinational
Key people
  • Chen Tianqiao
  • (CEO and chair)
  • Chrissy Luo
  • (vice chair)
Number of employees
50 (2018)
Websiteshanda.com

Shanda Group is a privately-owned multinational investment firm. With offices in Shanghai, Singapore, Hong Kong, New York and Redwood City, the firm invests in public markets, real estate and venture capital, focusing on companies in the fields of healthcare, financial services, media, and technology.[1][2] The company was established in December 1999 as Shanda Interactive Entertainment Limited, an online gaming company[3][4] known for publishing and operating games such as The World of Legend[5] and Magical Land.[citation needed] By 2004 Shanda was the largest online game company in China,[6] and its listing on the NASDAQ that year under ticker SNDA[7] was the largest IPO for a Chinese internet company in the United States.[8] Shanda Interactive later diversified and its gaming unit spun off in 2009,[9] raising $1.04 billion in an IPO (GAME).[8][10] Shanda Group was taken private in 2012 by its founders,[11] and by 2017 it had $8 billion in net assets under management.[3]

  1. ^ Cite error: The named reference SHANDA-2018-Shanda was invoked but never defined (see the help page).
  2. ^ "Shanda Group Pte Ltd". Bloomberg. Retrieved November 20, 2018.
  3. ^ a b Vasagar, Jeevan (December 26, 2016). "Chinese billionaire with ambitions to reshape investment models". Financial Times. Retrieved December 5, 2018.
  4. ^ "Book publishers fear advance of digital 'glacier' - Feature". Earthtimes.org. Archived from the original on 2016-03-03. Retrieved 2014-08-06.
  5. ^ Cite error: The named reference QQ-2009-Lv was invoked but never defined (see the help page).
  6. ^ Roth, Daniel (October 4, 2004). "In Search of China's Bill Gates". CNN. Retrieved November 29, 2018.
  7. ^ Savitz, Eric. "Oy, What A Shanda: Chinese Gaming IPO Flops". www.barrons.com. Retrieved 2020-04-20.
  8. ^ a b "Shanda Entertainment History". Shanda.com. Retrieved November 29, 2018.
  9. ^ Sayantani, Ghosh (October 17, 2011). "Shanda Interactive CEO offers to take company private". Reuters. Retrieved November 20, 2018.
  10. ^ Rege, Alyssa (August 17, 2017). "Why Chinese billionaire Tianqiao Chen transitioned from investing in video games to CHS, neuroscience". Beckers Hospital Review. Retrieved December 6, 2018.
  11. ^ Chatterjee, Soham (November 22, 2011). "Shanda Interactive CEO to take company private". Reuters. Retrieved December 5, 2018.