Sina Tech, 2/17/11
Wu Feng, head of investments at Shanda Interactive (Nasdaq: SNDA), revealed on his Sina Weibo microblog today that Shanda has established Shanda Capital. An industry source said Shanda had expanded its erstwhile investments department to a company-level entity. Shanda Capital will make early and mid-stage investments in mobile internet start-ups and other projects.
Shanda has yet to comment on the news.
An industry source said that the official site for Shanda Capital would be shandacapital.com. That address currently leads to a blank page with no public information - but the domain name is open for e-mail.
Editor's Note: For more background on this topic, please see "Shanda Wireless Establishes Android Developer Fund" MD 1/18/11 issue.