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12%  
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Keyword: icte

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  • China's player looks to the big game (Communist Party member Chen Tianquiao, friend of Bill Gates)

    03/03/2005 1:31:34 AM PST · by HAL9000 · 6 replies · 383+ views
    The Guardian (UK) ^ | March 2, 2005 | Jonathan Watts
    China's player looks to the big game Entertainment chief's raid could make him leading online contender China's second-richest man, Chen Tianquiao, looks poised to become the country's leading new media player after staging the sector's first aggressive raid on a rival's shares. In a stealthy swoop over the spring festival holiday, Mr Chen's online game company Shanda Interactive Entertainment bought a 19.5% stake in Sina Corp, China's leading internet news portal, for $196m (£102m). The move finally turned the tables on Sina, which had tried to buy Shanda in 2003. The possibility of a takeover that would create China's...