In 2016, Shanda Group acquired stakes in LendingClub, Legg Mason, and Sotheby's. After acquiring a 9.9 percent stake in Baltimore's Legg Mason that April, Shanda Group increased its stake in Lending Club to 15.1 percent in June, making it the company's single biggest investor. Shanda Group sold its 2 percent stake in Sotheby's in August 2016. By December 2016 it had also purchased a 13.8 percent stake in Community Health Systems. That month Shanda Group increased its stake in Legg Mason to 15%, remaining the largest shareholder. Shanda Group also gained two board seats in Legg Mason in 2017 and advised customizing Legg Mason's investment products for clients in China. At the start of 2017, Shanda Group had $8 billion in net assets under management. By 2018, Shanda Group invested in public markets, real estate and venture capital, focusing on companies in the fields of healthcare, financial services, media, and technology. Shanda remained the largest shareholder in Lending Club and Community Health Systems, maintaining a minority stake in Legg Mason. By 2018, the venture capital arm of Shanda Group had invested in around 120 companies in China focused on internet and mobile software, and also had investments in around 30 "advanced technology companies" in Iceland, Indonesia, Russia, the United Kingdom, Israel, and the United States. Today it has also invested in over 55 early-stage, deep technology investment funds. With real estate in China and the United States, it is one of the larger owners of timberland in North America, In 2018, the company opened Shanda World, a large development in Shanghai with office and retail space with around 700,000 meters. Also in 2018, Shanda Group began focusing on neuroscience and brain-related companies, and had already invested in around "100 advanced technology ventures integrating virtual reality technology and neuroscience." Locations As of 2018, Shanda Group has offices in Shanghai, Hong Kong, Singapore, New York and Menlo Park. See also List of asset management firms List of venture capital firms References External links Shanda.com Felda Hardymon, Ann Lemon, Harvard Business School case no. 9-805-091 (May 2004) Video game companies established in 1999 Video game companies of Singapore Video game development companies Video game publishers Companies formerly listed on the Nasdaq Chinese companies established in 1999