Zhejiang Century Huatong

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. 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. By October 2004, Shanda operated eight games and was the largest online game company in China, hosting 1.2 million simultaneous players.By June 2008, Shanda Games Limited had become a business unit of Shanda Interactive. In 2009, Shanda Interactive spun off Shanda Games in the largest IPO in the United States that year, raising US$1.04 billion. At the time, Shanda Games provided 77 percent of Shanda Interactive's revenue. Shanda Group founder Tianqiao Chen subsequently sold his stake in Shanda Games in 2014. In 2017, the Shanda Games brand was acquired by Zhejiang Century Huatong Group.On March 30, 2019, following a buyout by Zhejiang Century Huatong Group, Shanda Games changed their name to Shengqu Games.