Shanda To Launch IM Software
From ChinaTechNews: Shanda Plans Instant Messaging Software
"Shanda (SNDA) is going to compete with Tencent and Netease (NTES) with a newly developed instant message communications software temporarily called "Quan Quan" (Circle).
But local media reports that Tencent's CEO Ma Huateng claims QQ's (Tencent's IM software) only competition comes from Microsoft's (MSFT) MSN Messenger and he is not worried about other local Chinese competitors like Shanda. MSN, itself, last week launched MSN China, an integrated portal of services to complement the Messenger software."