1. Shanda Reports Q2 2011 Financial Results, Gross Profit Was US$145.5 Million

Shanda announced its unaudited consolidated financial results for the second quarter ended June 30, 2011, its net revenues increased 5% quarter-over-quarter and increased 26% year-over-year to US$264.2 million. However, when its comes to Net Income Attributable to Ordinary Shareholders, things didn’t look good, net income attributable to ordinary shareholders was US$1.4 million, a decrease of 94.8% from US$ 26.6 million in the second quarter of 2010.

Ku6 reported a US$ 21.6 million net loss while Cloudary reported a US$ 1.64 million net loss for this quarter.

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Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.