Tag Archives: Shand Games

Struggles Continue At Shanda, Perfect World

Shanda Games CEO resigns

More signs of turbulence are coming from the troubled online game space, with word that the CEO of Shanda Games (Nasdaq: GAME) has resigned and Perfect World (Nasdaq: PWRD) has overhauled its R&D division to breathe new life into the company. There’s quite a lot of back story to these latest news bits, including a strategic equity alliance announced by the 2 companies at the start of the year that later fell apart for unexplained reasons. The bigger story is the fierce competition in China’s online game market, which has left companies like Shanda and Perfect World struggling to grow and has dampened investor enthusiasm for new gaming IPOs. Read Full Post…