Shanda’s e-book unit or Shanda Literature?has just filed for IPO in the U.S. ?The news caused Shanda (SNDA) share price to rise 17% yesterday to US$51.45.

Earlier I have talked about this in Technode: Rumour: Shanda is going to list another of its divisions next year And I thought this IPO is going to be a good one, as the business is still growing.

Shanda has the copyright of most of the e-books in China. ?e-book download has already became very popular over the mobile phone. ?And, with the popularity of iPad and iPad-like devices, more and more people start reading books on their handheld devices.

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Sherman So

Author of Red Wired: China's Internet Revolution, the first book to completely survey the nature of China's internet. (http://redwiredrevolution.com/) She previously was the lead China technology reporter...