Thanks to its diverse reading channels and development, Shanda Literature earned 173 million RMB net revenue in the second quarter this year (+24% y-o-y) according to its latest financial statement, for a total of 311 million RMB net revenue in the first half year (+111% y-o-y). At present, Shanda Literature has six original literature webs [...]
Posted tagged ‘Bambook’
Shanda Literature’s CEO on confronting Baidu with own search engine (China)
02/11/2010After getting involved in the online shopping search business, Shanda Literature announced that it had started developing its vertical search engine for novels. Hou Xiaoqiang, CEO of Shanda Literature, talked about the strategy in an interview: Shanda was forced to enter the search business because of widespread piracy, especially by Baidu’s search. Shanda’s Cloud Search [...]
Shanda accuses Baidu of fostering online piracy; will launch own search engine for copyrighted e-books
28/10/2010At the product launch of its e-book reader “Bambook”, Shanda’s CEO Hou Xiaoqiang talked about the topic of online literature copyright protection. He believed that Baidu fosters online piracy, obstructing the digital publishing industry. For example, he said, 95% of the novels on Shengda Literature’s website have pirated copies in Baidu Library. There will be [...]
Shanda Literature: e-books trapped in ISBN grey zone (China)
25/10/2010The recently published “Opinions of the General Administration of Press and Publication on the Development of the E-book Industry” require that all contents pre-installed or downloaded onto e-book readers / devices must be official publications, meaning they must have an ISBN. Shanda Literature, the world’s biggest online literature platform, falls into an ISBN grey zone: [...]
