The founding of Shanda Interactive Entertainment
We dreamt of a world where people can exist and interact virtually. A world that is fun and entertaining.
We introduced an online game with the ambition to connect gamers in China using the Internet.
In 1999, the Internet was only just getting started.
And there was another problem
Internet cafés nationwide, providing players easy access to PCs and the Internet.
Wall Street didn't
After the announcement, SNDA's share price fell more than 70% from its previous high.
But we stayed the course and went on to deliver 15 quarters of double-digit revenue growth.