Shanda Cloudary

Rumors have been swirling for months now that Shanda Cloudary, Shanda’s online literature company, is likely to be acquired by Tencent. Today, China’s tech media is reporting that the acquisition

We noted last week that Chinese e-books platform Cloudary wrapped up $110 million in funding. It seems that new investment is sufficient for Cloudary as it has now cancelled its

Shanda Cloudary, the e-book, e-reader, and publishing division of Chinese web giant Shanda (formerly NASDAQ:SNDA), has raised $110 million in funds from Goldman Sachs and Singapore investment company, Temasek. Shanda

China’s Shanda has made e-readers for years, and launched an Android-based smartphone last year. Its next hardware venture will be much smaller and actually wearable – a smart watch. According

China’s first major Dropbox clone was created by Chinese web company Shanda (NASDAQ:SNDA; FRA:RZP) back in 2010. Shanda was previously best known for its e-book store and online gaming, but

2011 saw economic turmoil and financial scandals that led to only two Chinese tech companies venturing to IPO in 2012. But 2013 is looking up. This year there’s the distinct

Here’s a sentence we’ve uttered before but which came to nothing: the Shanda Cloudary US IPO is supposedly back on track. Yes, the Shanda Interactive (NASDAQ:SNDA) e-book platform subsidiary, Cloudary,

Chinese web companies have a bad reputation for back-stabbing and skullduggery – but that might be about to change, at least for China’s search engines. The country’s top 12 search

Chinese web giant Shanda (NASDAQ:SNDA) wanted its subsidiary, Shanda Cloudary, to list in the US last year, but plans were cancelled in July when one of its lead underwriters withdrew.

[Update: July 21st, 6pm Beijing time – And now we hear that Xunlei (the video, games, and P2P download site) has cancelled its IPO for the time being, also citing