Shanda

The Shanda Group is a privately owned multinational investment firm. With offices in Shanghai, Singapore, Hong Kong, New York and Redwood City, the firm invests in public markets, real estate and venture capital, focusing on companies in the fields of healthcare, financial services, media, and technology. The company was established in December 1999 as Shanda Interactive Entertainment Limited, an online gaming company known for publishing and operating games such as The World of Legend and Magical Land. By 2004, Shanda was the largest online game company in China, and its listing on the NASDAQ that year under ticker SNDA was the largest initial public offering for a Chinese internet company in the United States. Shanda Interactive later diversified and its gaming unit spun off in 2009, raising $1.04 billion in an IPO (GAME). The Shanda Group was taken private in 2012 by its founders, and by 2017 it had $8 billion in net assets under management.