Shanda Interactive on the prowl

BEIJING - Shanda Interactive Entertainment Limited, China's second largest online game company, will focus on integrating its different media platforms while looking for possible acquisitions this year, in an effort to strengthen its portfolio.

"We will put most of our energy on business integration this year and meanwhile, seize potential acquisition opportunities if any," Chen Tianqiao, chief executive officer of Shanda, said during a conference call on Monday.

The Nasdaq-listed company said its net profit for the fourth quarter of 2009 rose to 369.3 million yuan ($54.1 million), a 13 percent increase from a year earlier.