Aug 19, 2009
Shanda Ranked Number 7 of Fortune's 100 Fastest-Growing Companies
Number 2 in the Entertainment Industry
Shanghai, China – Aug 19, 2009 – Shanda Interactive Entertainment Limited (NasdaqGS: SNDA), "Shanda" or the "Company", announced that the Company was ranked seventh in the list of 100 fastest-growing companies and second in the list of fastest-growing entertainment companies by Fortune Magazine. The list was opened to businesses around the world for the first time according to Fortune Magazine.
To compile the list, Fortune ranked companies based on certain growth and return thresholds such as three-year annual revenue growth rate, EPS growth rate and total return to investors through June 30, 2009. Specifically, Shanda's revenue growth rate during the period was 44%, EPS growth rate was 91%, and total return to investors was 59% according to the list.
"Shanda is honored to be recognized by Fortune Magazine as one of the world's top 100 fastest-growing companies," said Tianqiao Chen, Chairman and Chief Executive Officer of Shanda. "As Shanda celebrates its 10th anniversary this year, we are delighted in the growth and broad acceptance of our interactive entertainment content products and services business, and remain committed to enhance our leadership in the interactive entertainment industry."
"It was the best of times, it was the worst of times; it was the age of wisdom, it was the age of foolishness;
-- Charles Dickens
