After a buying spree over the past few years, Shanda, the Shanghai-based gaming vendor now started selling its assets. ZheBao Media (or 浙报传媒), a media group in China eastern Zhejiang province announced yesterday to acquire CGA.com.cn and GameABC.com for RMB 3.5 billion (310 million and 3.18 billion for each) from Shanda.

CGA is a leading Chinese electronic sports platform while GameABC is a popular board gaming portal. Shanda bought the two at US$ 20 million and US$ 56 million respectively in 2004, right before Shanda sold its shares publicly on NASDAQ.

Screenshot of GameABC.com

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Ben Jiang

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