Due to the continuing decline in financial revenue and JPMorgan analysts‘ underweight rating on Shanda, Shanda stock value drop 64 percent. According to Reuters Network gear maker Cisco Systems has purchased a 9.7 percent stake in Shanda Interactive Entertainment,according to a filing to the U.S. Securities and Exchanges Commission on Tuesday. However, not detailed purchase price for the shares was provided.( it is about ＄104 million based on Shanda‘s last closing price on the Nasdaq.

After adopting a new online gaming revenue model,which try a free-to-play and pay-for in-game value-added services revenue model for two of its MMORPGs - The Legend of Mir II and Magical Land,JPMorgan predict an uncertainty on Shanda,from then on Shanda stock value begin to decline along the way.