Winter Sets in? Shanda Pinju to Close Down

Last night, a Sina Weibo post broke that Pinju, the Shanda online retailing arm would be shutting down in next week. When asked about the rumor, Ge Binbin, founder and CEO of Pinju surprisingly admitted that “no more rumor refuting! Our funding hasn’t been available yet. Pinju will make an official announcement in next week […]