February 2009
Shanda Interactive Entertainment (Shanda), an interactive entertainment media company in China, has announced its strategic cooperation with Shanghai Storm Information Technology (Shanghai Storm), a game developer and operator based in China, on ‘Yuyan Online,’ Shanghai Storm's in-house developed 2.5D MMORPG.
Pursuant to the arrangement, Shanda Games (Shanda Games) will operate Yuyan Online, which Shanghai Storm will also continue to operate. In addition, Shanda Online Holdings (Shanda Online) will open its unified platform to support the operation of the game.
"We are pleased to introduce additional games to our unified platform," said Judy Wang, CEO Shanda Online.
"Shanda Online aims to provide high-quality, comprehensive and cost-efficient services to our users and partners. We expect to expand such cooperations in wider fields in the future. "
"The partnership with Shanghai Storm enhances the breadth of cooperation for Shanda Games," said Diana Li, CEO Shanda Games.
"Shanda Games will continue to leverage our profound industry experience, including game operation, in-house development and co-development and investment expertise, to work closely with more partners to expand the global reach of our games, which we believe is important to promote the sustainable and rapid growth of the overall industry."
"We are confident the cooperation will foster fast growth of all of the companies," said William Zhu, Shanghai Storm's Chairman and CEO.
"Shanghai Storm will continue to focus on the product development and technology innovation. Shanda shares its leading resources to the whole industry through various initiatives, which we believe will drive the development of the industry. We look forward to further collaboration with Shanda in the future."
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