Perspectives
According to local report, Shanda is investing over RMB 2 billion (US$ 309 million) in ecommerce site iBuying.com with two other undisclosed participants. Founded by Ge Binbin, the former head of Goldcool Games, iBuying is set to debut in this Oct. Ge said that Shanda accounts for 40% of the total sum, or US$ 1.23 million.