Shanda Games' US acquisition bolsters outlook

News of Shanda Games' (GAME:Nasdaq) announcement to acquire Mochi Media, a US-based online games distributor, for $80m is set to boost the company's prospects as it diversifies away from reliance on the highly competitive domestic market. We also expect this to be the first of many Chinese investments overseas this year as companies work to climb the technology ladder and build distribution networks overseas (CC 23 Dec 2009).

China Confidential Funds

China Confidential Funds, a new research service launched by FT China Confidential, is dedicated to illuminating the mainland fund industry. Our team of fund industry experts in Shanghai search out the interesting trends in fund performance, strategy, interactions with overseas funds, regulatory changes, distribution and management. We also use a proprietary system to track the emerging flows of Chinese money. Click here to find out more.