• allan said: hi .. svilena hristova i had cheated by a chinese company in senzhen. i...
• Svilena Hristova said: Hi, i live in China and i will try to help you. Send me email...
• Jhummun S said: I made payment a huge sum for an order on 13/12/2011 by credit card...
• steve said: can i use roaming service in Yangon, Myanmar using this china sin card ?
• norm said: I would like to know that also. Feb. 2006 I aquired shares.
• baove said: Is it just me or does it seem that Vietnamese are strong supporters of...
• Clifford Mensch said: I would like to offer property for sale to investors, 60 acres...
• Clem said: 100,000 employees, 200,000 iphones produced daily. I wonder what kind of...
• Trizt said: I really hope they do pay the workes for all the extra hours they will...
Get Our Weekly Email Newsletter
2012 International Conference on Green Building and Civil Engineering @ Guizhou - 2012/05/19
Annual Conference of the Academy of Innovation and Entrepreneurship 2012 @ Macau - 2012/06/08
Shanda Games CEO Jumps Ship In China After Online Game Acquisition Spree
January 25, 2010 |
Print
| 
Email
| 
Comments | Category: Business, Internet
Shanda Games Limited announced over the weekend that Diana Li has resigned as the company's chief executive officer and a member of the board of directors to pursue other interests.
Shanda Games' chairman, Qunzhao Tan, will assume the duties of both chairman of the board and CEO of the company. The company's nebulous press release did not state if Li's departure is immediate or will occur after some time.
Li's departure comes within one month of the company announcing two new acquisitions and a joint venture partnership. Shanda Games plans to buy U.S.-based Mochi Media in a deal worth as much as USD80 million, and at the beginning of the year, the company announced plans to acquire Shanghai-based game developer Goldcool Games. At the end of last year, Shanda Games also inked a deal with Kingsoft Corporation Limited for a joint venture to develop online games in China.
With Li's departure, it is unclear if the relationships consummated with those target companies will be in jeopardy, and investors may want to delve deeper into any correlation between the sudden purchases and Li's departure.
Tan is a co-founder of Shanda Interactive Entertainment and became chairman of the board of Shanda Games in May 2009.
Related Links:
Recommend this page: 
Loading ...One Response to “Shanda Games CEO Jumps Ship In China After Online Game Acquisition Spree”
Leave A Comment:
-
Security
- Qihoo 360's Safebox Software Will Integrate With Uuu9.com
- Apple Suspends iPhone 4S Sales In Retail Stores In China
- New Chinese Internet Rules Focus On Data Security, Web Advertising
- Chinese Internet Users Can Report Online Fraudsters Via New Baidu Service
- Huawei To Acquire 49% Stake In Security JV With Symantec
-
Software
-
Telecom & Wireless
Copyright 2012 ChinaTechNews.com. All Rights Reserved.
If you would like to syndicate these articles and posts for personal non-business use where you will not gain in any monetary way, please utilize the RSS feed for this online publication, which provides a brief summary of each post with a link back to the original article. Posting of any other part of the articles or posts on this website, in whole or in part, is expressly prohibited without express written permission from ChinaTechNews.com. No part of this website may be copied, transferred, posted, or published without the express written permission of ChinaTechNews.com or its registered agents. Content on this website, including articles, opinions, and data are protected under international copyright laws. Failure to comply with these rules will result in legal action. 
Any updates on netease and the world of warcraft problems they had? I wonder if Li is moving to netease, that would be funny if she did.