Shengqu Games Explained

Shengqu Games
Type:Private
Foundation:1999
Location:Shanghai, China
Key People:Xiaoqiang Hou
Industry:Video games
Parent:Zhejiang Century Huatong
Homepage:Shanda Games Online (Chinese)

Shengqu Games is a publisher and operator of online games based in Shanghai, China. Founded in 1999 as Shanda Interactive Entertainment Limited, it spun off from Shanda Interactive in 2009 and is currently owned by Zhejiang Century Huatong. Shanda's published and operated games include AION, MapleStory, The World of Legend, The Age, Magical Land, Ragnarok Online, Dungeons & Dragons Online, Crazy Arcade, GetAmped and Final Fantasy XIV (in mainland China) among others.

History

Shanda Interactive Entertainment Limited was founded in December 1999 by Chen Tianqiao, Chrissy Luo, and Chen Danian. In September 2001, Shanda published its first game, The Legend of Mir 2, which was licensed from a Korean company, WeMade Soft.[1] In 2003, a dispute over profit sharing caused the relationship to fracture between Shanda and WeMade. No longer able to operate The Legend of Mir 2, Shanda developed the game The World of Legend, which began operation in June 2003. Shanda transferred all user data from The Legend of Mir 2 into the new game, promising its customers that their character, points, armors and weapons would remain the same. WeMade Entertainment deemed The World of Legend to be a copy of Mir 2 and sued Shanda for copyright infringement in October 2003. After a prolonged legal battle, the two companies reached a settlement on April 26, 2009.[2] By October 2004, Shanda operated eight games and was the largest online game company in China, hosting 1.2 million simultaneous players.[3]

By June 2008, Shanda Games Limited had become a business unit of Shanda Interactive.[4] In 2009, Shanda Interactive spun off Shanda Games in the largest IPO in the United States that year under the ticker: GAME,[5] raising US$1.04 billion.[6] [7] At the time, Shanda Games provided 77 percent of Shanda Interactive's revenue.[8] Shanda Group founder Tianqiao Chen subsequently sold his stake in Shanda Games in 2014.[9] In 2017, the Shanda Games brand was acquired by Zhejiang Century Huatong Group.[10] [11] [12]

On March 30, 2019, following a buyout by Zhejiang Century Huatong Group, Shanda Games changed their name to Shengqu Games.[13]

Subsidiaries and sub-organization

"Aurora Technology" and "Eyedentity Games" are subsidiary of "Shengqu Games" company. "Actoz Soft" is sub-organization.

Products

Video games

Hardware

See also

External links

Notes and References

  1. News: June 17, 2014 . Top 10 biggest IPOs by game manufacturers . . November 20, 2018 .
  2. News: Jiayu . Lv . (Simplified Chinese) Shanda MIR Copyright Infringement Legal Case Finally Settled in Second Half of 2009. games.qq.com . Tencent . 2009-04-26 . 2010-01-03.
  3. News: Roth . Daniel . October 4, 2004 . In Search of China's Bill Gates . . November 29, 2018 .
  4. News: Danian Chen . . November 29, 2018.
  5. News: Sayantani . Ghosh. October 17, 2011 . Shanda Interactive CEO offers to take company private . . November 20, 2018 .
  6. News: Shanda Entertainment History . Shanda.com . November 29, 2018 .
  7. News: Rege . Alyssa . August 17, 2017 . Why Chinese billionaire Tianqiao Chen transitioned from investing in video games to CHS, neuroscience . Beckers Hospital Review . November 29, 2018 .
  8. News: Barboza . David . February 15, 2012 . Shanda Interactive's Shareholders Back Buyout Plan . . November 29, 2018 .
  9. News: December 11, 2014 . Entertainment Titan's New Career . . November 29, 2018 .
  10. Web site: Zhejiang Century Huatong Group shareholders acquire 47.9 pct stake in Shanda Games Limited. 2017-07-14. Reuters. 2018-04-12.
  11. News: BRIEF-Zhejiang Century Huatong's shareholders to acquire remaining stake in Shanda Games. 2017-08-28. 2018-04-12. Reuters.
  12. News: Jourdan . Adam . February 8, 2018 . China's Tencent to invest $474 million in Shanda Games . . November 20, 2018 .
  13. Web site: Shengqu Games – Former Chinese giant Shanda Games re-brands under new management . 2019-03-30 . MMO Culture . 2019-07-09.
  14. Web site: Xinhua - English . News.xinhuanet.com . 2006-08-29 . 2014-08-06 . dead . https://web.archive.org/web/20160304035907/http://news.xinhuanet.com/english/2006-08/29/content_5021545.htm . 2016-03-04 .
  15. News: Dickie . Mure . February 13, 2007 . Shanda shake-up delivers boost to sales . . December 5, 2018.
  16. News: Dickie . Mure . February 28, 2006 . Shanda profit hit by free-to-play model . . December 5, 2018.