Shanda Group operates under three main business units – Public Market Investments, Private Equity Investments and Real Estate Investments. These business teams are helmed by experienced managers, bankers and traders.
The investment group was first established as an online game company called Shanda Interactive and is credited for being the inventor of the free-to-play in-game purchase model, which drove stock prices to record highs and put Shanda ahead of China’s online gaming industry. The business success allowed Shanda to grow into a large investor of technology, media and telecommunications (TMT) before further expanding its investment portfolio in 2014.
At the peak of its TMT investments, Shanda Group had 140 companies under its management with three companies listed on the NASDAQ – Shanda Interactive Ltd., Shanda Games Ltd. and KU6. The parent company has since been privatized. Additionally, Shanda founded the world’s first online literary portal called, Shanda Literature Co. Ltd (now known as Cloudary Corporation).
Shanda Group and its funds are independently owned by founders, Tianqiao Chen and Chrissy Luo. Tianqiao is a world-renowned businessman that remains Chairman and CEO till this day. Aside from a passion for savvy investments, philanthropy also lives at the core of the organization. Shanda is dedicated to the discovery and understanding of the sensation and perception aspects of the human brain, which could help people develop from both a physical and psychological perspective, more positive cognition and more constructive actions and reactions.