What would you do if you bought too much stuff and later on found out some of them just aren’t of interest to you anymore? Sell it. That’s the case with Shanda, the company that seemed to be on a selling spree now in the wake of the buying spree over past few years.
Shunwang Technology, the Hangzhou-based vendor of Internet Cafe management software announced yesterday to acquire Chengdu Jisheng Technology Co., Ltd., a company that develops and distributes management software for internet cafes from Shanda. Jisheng lost RMB 27.54 million last year.
Shanghai-based Shanda bought Jisheng in September 2003 to diversify its business lines.
screenshot of Jisheng website
As the gaming conglomerate speeded up its pace to approach its China’s Disney dream, we’ll be seeing more sells by Shanda in the future as one of the ways to consolidate and restructure its highly diversified businesses.
A Flash back of Shanda’s acquisition history:
January 2003 acquired 51% of Shenzhen Fenglin Huoshan Computer Technology Co., Ltd., a mobile games developer
April 2003 acquired 90% of Shanghai Shulong Technology Development Co., Ltd., a short messaging service provider
September 2003 acquired 90% of Chengdu Jisheng Technology Co., Ltd., vendor of Internet Cafe management software [Sold Already]
January 2004 acquired 35% of Beijing Digital-Red Software Application Technology Co., Ltd, another mobile games developer
January 2004 acquired Zona, Inc., an American company that develops server infrastructure platforms for online game developers and operators
July 2004 acquired a stake in Shanghai Haofang Online Information Technology Co.,Ltd (www.cga.com.cn) [Sold Already]
July 2004 acquired Hangzhou Bianfeng Software Technology Co., Ltd., (www.gameabc.com) [Sold Already]
January 2010 acquired Mochi Media, the U.S.-based web games distributing platform