Grand Literature won the strategic investment of national team New Huavin Media

Absrtact: After acquiring capital from Goldman Sachs and Temasek, 110 million dollars, Shanda literature was again strategically invested by the national team New Huavin Media. Recently, Shanda Literature and New Huavin Media Culture Communication Co., Ltd. (hereinafter referred to as Xinhua) in Beijing Xinhua news conference

After acquiring $110 million trillion in capital from Goldman Sachs and Temasek, the grand literature was again strategically invested by the national team of New Huavin media.

Recently, Shanda Literature and New Huavin Media Culture Communication Co., Ltd. (hereinafter referred to as "Xinhua New Media") held a press conference in Beijing Xinhua news agency. The two sides indicated that they would aggregate their resources and develop comprehensive strategic cooperation in the form of capital level cooperation and content resources integration in the areas of cultural creativity and new media.

However, both parties did not disclose the specific amount of investment. Some analysts told the Securities daily: "If the previous financing method, Shanda literature should be to New Huavin media sales of old stocks, valuations and Goldman Sachs, Temasek shares the same, but the proportion of the sale of shares should not be so much." ”

The introduction of "national Team" in Shanda literature

Public information shows that the New Huavin media is the direct unit of Xinhua News agency, mainly responsible for the new media products of Xinhua news organization planning Production, overall coordination of new media business in the integration of resources, product development, market operations, business development, brand management and so on. The main products include the Xinhua news agency, Xinhua news Agency, New Media, China network New media, Xinhua News agency Micro-blog Publishing Hall.

At the press conference, Chen, a long-lost chairman of the Grand Group, led the executives to attend, and in the July 9 Shanda literature and Goldman Sachs financing conference, Chen did not appear. Before the signing ceremony, Xinhua news agency president Congjun met with Chen.

"If Goldman Sachs and Temasek invested 110 million of billions of dollars in Shanda literature a week ago, proving that international capital is bullish on the future of the Internet's original cultural values, then today's strategic investment cooperation between the Xinhua news agency and the grand literature represents the recognition of the latter by the cultural team," he said. Chen Tianqiao said at the press conference, Xinhua has a strong and authoritative brand advantages and rich content, information resources. Through this strategic cooperation, the two sides will share high value-added resources, cooperation and mutual win.

New Huavin Media, said, will play in the News Information Products Collection network, collection production, media brands and other aspects of the advantages, to help the grand literature to improve the industrial chain layout, consolidate and enhance the industry leadership of Shanda literature.

The grand Literature withdraws the listing application

With the financing of the successive in place, the industry generally expects that Shanda literature will not be listed in the short term.

July 9, when Shanda announced its strategic investment in Goldman Sachs and Temasek, chairman Chu Wenyu said when he was asked when the grand literature would be on the market, his mentality on the IPO was four words. But soon thereafter, Shanda's literature announced the withdrawal of its initial public offerings.

For the withdrawal of the IPO application, the official of the royal Literature explained to the securities daily that: "The withdrawal of the IPO application is because this version of the application document has long been unable to update, has not met the rules of the exchange, and therefore removed." However, do not rule out the future submission of a new version of the listing application. ”