This article on the Chinese video game giant Shanda ran in Fortune and is archived below.
Oct. 6, 2005
Meet the New Disney
Shanda, China’s hottest online-game company, is betting that it can become an entertainment giant.
By Stephan Faris
It was the first crime of its kind in China: Last year a 40-year-old man used a real knife to stab to death a younger man who had borrowed his virtual sword from an online videogame and sold it for $870. There are no laws in China protecting virtual property, so Qiu Chengwei, the man whose sword had been stolen, got no help from the police.Instead he tracked Zhu Caoyuan to his one-room apartment in Shanghai and, in the presence of Zhu’s girlfriend, plunged a knife into his heart.