jan 1, 2000 - Shanda received a $3 million
investment from China.com.
Description:
Shanda received a $3 million investment commitment from China.com, though only $2 million was ultimately paid in May 2001. When founder Chen Tianqiao decided to pivot Shanda from a web portal to online gaming, China.com withheld the remaining $1 million and demanded a $300,000 “termination fee.”
(Source: "History of Chinese Games," First Edition)
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