GIC buys Shanda Games stake; Shanda acquires US firm

The Government of Singapore Investment Corp purchased 5.4 percent stake in Shanda Games, China's second-largest online game company.

Citing a regulatory filing made after Shanda's initial public offering in 2009, Reuters reported the stake sale along with the online game company’s acquisition of U.S. firm Mochi Media for $80 million.

The U.S. acquisition will enable Shanda Games to diversify from operating multiplayer online role-playing games to gaining access to an international user base, as most of its users are in China, and to Mochi's portfolio of 15,000 web-browser games.

Shanda Games chief executive Diana Li told Reuters, "At this time we always keep our mind open to great opportunities in content and to strengthen our platform."

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia