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