Document:

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                                                                    Exhibit 4.92

                     EQUIPMENT MANAGEMENT PLATFORM SOFTWARE
                               LICENSING AGREEMENT

     This Software Licensing Agreement (this "Agreement") is entered into by and
between the following Parties on January 1, 2007 ("Effective Date") in Shanghai:

     SHENGQU INFORMATION TECHNOLOGY (SHANGHAI) CO., LTD., a corporation
     organized and existing under the laws of the People's Republic of China
     (the "PRC") and having its registered address at No.1 Office Building,
     No.690 Bibo Road, Pudong New Area, Shanghai, the PRC ("Shengqu" or the
     "Licensor"); and

     NANJING SHANDA NETWORKING CO., LTD., a corporation duly organized and
     validly existing under the laws of the PRC and having its principal place
     of business at Room 801, 18 F International Garden Apartment,
     High-technology Area, Nanjing, the PRC ("Nanjing Shanda" or the
     "Licensee").

                                    RECITALS

     WHEREAS, the Licensor owns the software program of Licensed Software (as
defined below);

     WHEREAS, Nanjing Shanda desires to license the Licensed Software;

     WHEREAS, the Licensor is willing to license the Licensed Software to
Nanjing Shanda.

     NOW AND THEREFORE, the parties through consultations agree as the follows:

1    DEFINITIONS

The terms concerned used in this Agreement are hereby defined as follows:

1.1  "Authorized Personnel" means the employees of the Licensee and personnel
     from third parties who work on behalf of the Licensee under a contract
     (which shall include confidentiality clause) entered into and between the
     Licensee and the third party.

1.2  "Confidential Information" means the technical information and management
     information which have not been publicly disclosed, can bring economic
     benefits to obligees, have practicability and are subject to the
     confidential measures adopted by the obligees, including but not limited to
     computer software, technical parameter, price list, design, software
     documentation, manuals, models and account tables.

1.3  "Designated Computer" means the computers and the upgraded computers
     thereof

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     installed in the offices of the Licensee.

1.4  "Licensed Program" means the executable processing programs of licensed
     information, which is composed of various modules in the Licensed Software
     package provided by the Licensor.

1.5  "Licensed Information" means any information concerning the Licensed
     Program, which is owned by the Licensor and is licensed to the Licensee
     together with the Licensed Program. Licensed Information includes such
     information as input form, user manual, interface format and input/output
     format and is delivered to and used by the Licensee as confidential
     information or proprietary property of the Licensor.

1.6  "Licensed Software" means the Equipment Management Platform, which includes
     the Licensed Program and the Licensed Information, used to manage computer
     rooms, servers, firewall and equipment data. It is also used to maintain
     data, provide reminders, calculate data and provide the reports and
     updates.

1.7  "Request Number" shall mean the total number of written request provided by
     Nanjing Shanda to Shengqu.

1.8  "Upgrade Version" means the Licensed Software comprising of Licensed
     Program and/or the Licensed Information to which updating, enhancements,
     corrections, additions of BUG patches or other changes have been made. The
     exterior form of the Update Version is reflected by changes to the version
     numbers. For an example, in the version number 2.1.3, a change in the first
     number from left to right means the occurrence of a bigger version of the
     software, a change in the second number means substantial improvements to
     the software performance, and a change in the third number means slight
     improvements to the software performance.

2    GRANT OF LICENSE AND LIMITATIONS

     License to Use the Licensed Software. In accordance with the terms and
     conditions hereof, the Licensor agrees to grant to Nanjing Shanda a license
     to install and operate the Licensed Software on the Designated Computers
     and to grant to its customers the right to use such software system.

3    LICENSE FEE, SERVICE FEE AND SUPPORTING FEE

3.1  In consideration of the rights that have been granted by Shengqu to Nanjing
     Shanda, Nanjing Shanda shall pay to Shengqu the initial license fees of
     RMB1,680,000.

3.2  In consideration of the daily software maintenance work conducted by
     Shengqu, Nanjing Shanda shall provide Shengqu with a service fee of
     RMB70,000 per calendar month upon the installation of the Licensed Software
     on the Designated Computer.

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3.3  Upon the installation of the Licensed Software on the Designated Computer,
     Nanjing Shanda shall provide Shengqu a supporting fee. The supporting fee
     shall be calculated using the following formula: supporting fee= Request
     Number x RMB50,000.

3.4  Shengqu shall deliver the invoice to the Licensee within fifteen (15) days
     after the receipt of such licensee fees and supporting fees.

4    ORIGINALITY WARRANTY

4.1  The Licensor warrants that the Licensed Software does not infringe any
     copyright, patent or trademark or proprietary information of any third
     Party.

4.2  In the event of any legal proceedings or claims by a third party against
     the Licensee alleging an infringement of any PRC copyright, patent or trade
     secrets owned by such third party in connection with the use of the
     Licensed Software or any part thereof within the scope of the license
     hereunder, the Licensor will reimburse the Licensee for any cost, expense
     and loss and the litigation fees and attorney fees payable by the Licensee
     according to the final court, provided that (a) the Licensee promptly
     inform the Licensor of the claims relating to said infringements, (b) the
     Licensee grants the Licensor full authorization and provide the Licensor
     with all information and assistance necessary for enabling the Licensor to
     defend the claims, and (c) the Licensor has full control over the defending
     of the claims and the negations relating to the compromise and settlement
     of the claims.

4.3  If the Licensee's use of the Licensed Software will infringe or in the
     Licensor's opinion is likely to infringe the copyright, patent or trade
     secrets alleged by the third party in the above mentioned claims, the
     Licensor shall be entitled to adopt any measures to enable the Licensee to
     continue to use the Licensed Software, or the Licensor may replace it with
     substitutes or modify the Licensed Software so that it will be free of
     infringement and at the same time it can achieve the equivalent function as
     the Licensed Software.

4.4  Notwithstanding anything provided herein, the Licensor shall not be liable
     for infringement of copyright, patent or trade secret arising out of any of
     the following circumstances:

     (a)  the latest version of the Licensed Software, which is free of said
          infringement, has been provided to the Licensee for free without any
          changes, and the Licensee still uses other versions;

     (b)  The program and data of the Licensed Software has been provided to the
          Licensee based on thorough studying. The licensee uses the Licensed
          Software together with other program or dada, and had the Licensee not
          done so, said infringement would

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          have been avoided. However, the Licensee fails to avoid the use of the
          Licensed Software together with other program and data;

     (c)  The Licensee uses the Licensed Software on computers other than the
          Designated Computer.

5    TERM AND TERMINATION

     The term of this Agreement shall commence on the Effective Date and shall
     expire on December 31, 2007. During the term of this Agreement the Licensee
     shall not unanimously terminate this Agreement.

6    APPLICABLE LAWS

     This Agreement shall be governed by the laws of the People's Republic of
     China.

7    GENERAL PROVISIONS

     This Agreement and the exhibits hereof signed by the Parties constitutes
     the entire agreement between the Parties hereto with respect to the subject
     matter hereof, merges all discussions between them and supersedes and
     replaces any and every other prior or contemporaneous agreement,
     understanding or negotiation that may have existed between the Parties. No
     amendment to this Agreement shall be effective until the Parties mutually
     agree in the form of a written instrument.

              [The remainder of the Page Intentionally Left Blank]

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IN WITNESS WHEREOF, the Parties have each caused this Agreement to be executed
and delivered by a duly authorized representative as of the date first above
written.

SHENGQU INFORMATION TECHNOLOGY
(SHANGHAI) CO., LTD.

By: /s/ Chen Tianqiao
    ---------------------------------
Name: Chen Tianqiao
Title: Chief Executive Officer

NANJING SHANDA NETWORKING CO., LTD.

By: /s/ Tang Jun
    ---------------------------------
Name: Tang Jun
Title: President

                                        5<PAGE>

                                                                    Exhibit 4.93

                     EQUIPMENT MANAGEMENT PLATFORM SOFTWARE
                               LICENSING AGREEMENT

     This Software Licensing Agreement (this "Agreement") is entered into by and
between the following Parties on January 1, 2007 ("Effective Date") in Shanghai:

     SHENGQU INFORMATION TECHNOLOGY (SHANGHAI) CO., LTD., a corporation
     organized and existing under the laws of the People's Republic of China
     (the "PRC") and having its registered address at No.1 Office Building,
     No.690 Bibo Road, Pudong New Area, Shanghai, the PRC ("Shengqu" or the
     "Licensor"); and

     HANGZHOU BIANFENG NETWORKING CO., Ltd., a corporation organized and
     existing under the laws of the PRC and having its registered address at
     Floor 18, 160 Tianmushan Road, Hangzhou, Zhejiang, the PRC ("Bianfeng
     Networking" or the "Licensee").

                                    RECITALS

     WHEREAS, the Licensor owns the software program of Licensed Software (as
defined below);

     WHEREAS, Bianfeng Networking desires to license the Licensed Software;

     WHEREAS, the Licensor is willing to license the Licensed Software to
Bianfeng Networking.

     NOW AND THEREFORE, the parties through consultations agree as the follows:

1    DEFINITIONS

The terms concerned used in this Agreement are hereby defined as follows:

1.1  "Authorized Personnel" means the employees of the Licensee and personnel
     from third parties who work on behalf of the Licensee under a contract
     (which shall include confidentiality clause) entered into and between the
     Licensee and the third party.

1.2  "Confidential Information" means the technical information and management
     information which have not been publicly disclosed, can bring economic
     benefits to obligees, have practicability and are subject to the
     confidential measures adopted by the obligees, including but not limited to
     computer software, technical parameter, price list, design, software
     documentation, manuals, models and account tables.

1.3  "Designated Computer" means the computers and the upgraded computers
     thereof

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     installed in the offices of the Licensee.

1.4  "Licensed Program" means the executable processing programs of licensed
     information, which is composed of various modules in the Licensed Software
     package provided by the Licensor.

1.5  "Licensed Information" means any information concerning the Licensed
     Program, which is owned by the Licensor and is licensed to the Licensee
     together with the Licensed Program. Licensed Information includes such
     information as input form, user manual, interface format and input/output
     format and is delivered to and used by the Licensee as confidential
     information or proprietary property of the Licensor.

1.6  "Licensed Software" means the Equipment Management Platform, which includes
     the Licensed Program and the Licensed Information, used to manage computer
     rooms, servers, firewall and equipment data. It is also used to maintain
     data, provide reminders, calculate data and provide the reports and
     updates.

1.7  "Request Number" shall mean the total number of written request provided by
     Bianfeng Networking to Shengqu.

1.8  "Upgrade Version" means the Licensed Software comprising of Licensed
     Program and/or the Licensed Information to which updating, enhancements,
     corrections, additions of BUG patches or other changes have been made. The
     exterior form of the Update Version is reflected by changes to the version
     numbers. For an example, in the version number 2.1.3, a change in the first
     number from left to right means the occurrence of a bigger version of the
     software, a change in the second number means substantial improvements to
     the software performance, and a change in the third number means slight
     improvements to the software performance.

2    GRANT OF LICENSE AND LIMITATIONS

     License to Use the Licensed Software. In accordance with the terms and
     conditions hereof, the Licensor agrees to grant to Bianfeng Networking a
     license to install and operate the Licensed Software on the Designated
     Computers and to grant to its customers the right to use such software
     system.

3    LICENSE FEE, SERVICE FEE AND SUPPORTING FEE

3.1  In consideration of the rights that have been granted by Shengqu to
     Bianfeng Networking, Bianfeng Networking shall pay to Shengqu the initial
     license fees of RMB240,000.

3.2  In consideration of the daily software maintenance work conducted by
     Shengqu, Bianfeng Networking shall provide Shengqu with a service fee of
     RMB10,000 per calendar month upon the installation of the Licensed Software
     on the Designated Computer.

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3.3  Upon the installation of the Licensed Software on the Designated Computer,
     Bianfeng Networking shall provide Shengqu a supporting fee. The supporting
     fee shall be calculated using the following formula: supporting fee=
     Request Number x RMB50,000.

3.4  Shengqu shall deliver the invoice to the Licensee within fifteen (15) days
     after the receipt of such licensee fees and supporting fees.

4    ORIGINALITY WARRANTY

4.1  The Licensor warrants that the Licensed Software does not infringe any
     copyright, patent or trademark or proprietary information of any third
     Party.

4.2  In the event of any legal proceedings or claims by a third party against
     the Licensee alleging an infringement of any PRC copyright, patent or trade
     secrets owned by such third party in connection with the use of the
     Licensed Software or any part thereof within the scope of the license
     hereunder, the Licensor will reimburse the Licensee for any cost, expense
     and loss and the litigation fees and attorney fees payable by the Licensee
     according to the final court, provided that (a) the Licensee promptly
     inform the Licensor of the claims relating to said infringements, (b) the
     Licensee grants the Licensor full authorization and provide the Licensor
     with all information and assistance necessary for enabling the Licensor to
     defend the claims, and (c) the Licensor has full control over the defending
     of the claims and the negations relating to the compromise and settlement
     of the claims.

4.3  If the Licensee's use of the Licensed Software will infringe or in the
     Licensor's opinion is likely to infringe the copyright, patent or trade
     secrets alleged by the third party in the above mentioned claims, the
     Licensor shall be entitled to adopt any measures to enable the Licensee to
     continue to use the Licensed Software, or the Licensor may replace it with
     substitutes or modify the Licensed Software so that it will be free of
     infringement and at the same time it can achieve the equivalent function as
     the Licensed Software.

4.4  Notwithstanding anything provided herein, the Licensor shall not be liable
     for infringement of copyright, patent or trade secret arising out of any of
     the following circumstances:

     (a)  the latest version of the Licensed Software, which is free of said
          infringement, has been provided to the Licensee for free without any
          changes, and the Licensee still uses other versions;

     (b)  The program and data of the Licensed Software has been provided to the
          Licensee based on thorough studying. The licensee uses the Licensed
          Software together with other program or dada, and had the Licensee not
          done so, said infringement would

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          have been avoided. However, the Licensee fails to avoid the use of the
          Licensed Software together with other program and data;

     (c)  The Licensee uses the Licensed Software on computers other than the
          Designated Computer.

5    TERM AND TERMINATION

     The term of this Agreement shall commence on the Effective Date and shall
     expire on December 31, 2007. During the term of this Agreement the Licensee
     shall not unanimously terminate this Agreement.

6    APPLICABLE LAWS

     This Agreement shall be governed by the laws of the People's Republic of
     China.

7    GENERAL PROVISIONS

     This Agreement and the exhibits hereof signed by the Parties constitutes
     the entire agreement between the Parties hereto with respect to the subject
     matter hereof, merges all discussions between them and supersedes and
     replaces any and every other prior or contemporaneous agreement,
     understanding or negotiation that may have existed between the Parties. No
     amendment to this Agreement shall be effective until the Parties mutually
     agree in the form of a written instrument.

              [The remainder of the Page Intentionally Left Blank]

                                       4

<PAGE>

IN WITNESS WHEREOF, the Parties have each caused this Agreement to be executed
and delivered by a duly authorized representative as of the date first above
written.

SHENGQU INFORMATION TECHNOLOGY
(SHANGHAI) CO., LTD.

By: /s/ Chen Tianqiao
    ---------------------------------
Name: Chen Tianqiao
Title: Chief Executive Officer

HANGZHOU BIANFENG NETWORKING CO., LTD.

By: /s/ Wang Jingying
    ---------------------------------
Name: Wang Jingying
Title: Senior Vice President

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