SHANDA DECLARES HOME INTERACTIVE ENTERTAINMENT IS CORE BUSINESS
AsiaInfo Services, April, 2005
AsiaInfo Services 04-15-2005 Shanda Declares Home Interactive Entertainment Is Core Business SHANGHAI, Apr 15, 2005 (SinoCast via COMTEX) -- Shanda Interactive EntertainmentLimited (NASDAQ: SNDA), the leading online game operator in China, declares that the home interactive entertainment is its core business and it will not be changed even after the companytook a controlling stake in Sina Corporation (NASDAQ: SINA), a leading portal website in China. Chen Tiaoqiao, CEO and chairman of Shanda, announces that the company will likely continue holding the controlling shares in Sina or sell them out, while its major business is home interactive business.
He said these words as a response to the critics that Shanda has diversified its business too further. On April...
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