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Pinju to Sue Shanda for Lack of Funding
Beijing Times, 1/10/12
Chinese e-commerce site Pinju.com announced in a public filing today that it would suspend its services after the funds promised by Shanda Interactive (Nasdaq: SNDA) failed to arrive, saying it will pursue the funds through legal action and will return merchants' deposits in the meantime. Read More
Goldcool CEO's C2C Start-Up to Launch in October
Beijing Times, 7/12/11
Ge Binbin, founder of Chinese online game developer and operator Goldcool, a subsidiary of Shanda Games (Nasdaq: GAME), revealed today that his new C2C e-commerce site, Pinju.com, would launch in October. Read More
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