Document:

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                                                                    EXHIBIT 4.11

                          SOFTWARE LICENSING AGREEMENT

                                   XINTIANYOU

                                DECEMBER 28, 2004

               SHENGQU INFORMATION TECHNOLOGY (SHANGHAI) CO., LTD.

                      SHANGHAI SHANDA NETWORKING CO., LTD.

                       NANJING SHANDA NETWORKING CO., LTD.

                     HANGZHOU BIANFENG NETWORKING CO., LTD.

                                       1

<PAGE>

                          SOFTWARE LICENSING AGREEMENT

THIS SOFTWARE LICENSING AGREEMENT (this "Agreement") is entered into by and
between the following Parties on December 28, 2004 in Shanghai:

(1)   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 Room 638-7, Building 2,
      351 Guoshoujing Road, Zhangjiang Hi-Tech Park, Shanghai, the PRC
      ("Shengqu" or the "Licensor");

(2)   Shanghai Shanda Networking Co., Ltd., a corporation organized and existing
      under the laws of the PRC and having its registered address at Room 402-B,
      727 Zhangjjiang Road, Pudong New Area, Shanghai, the PRC ("Shanda
      Networking");

(3)   Nanjing Shanda Networking Co., Ltd., a corporation organized and existing
      under the laws of the PRC and having its registered address at Room 801,
      High-technology Area, Nanjing, the PRC ("Nanjing Shanda "); and

(4)   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").

For the purpose of this Agreement, Shanda Networking, Nanjing Shanda and
Bianfeng shall be referred to collectively as the "Licensees".

                                    RECITALS

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

WHEREAS, The Licensor and Shanda Networking entered into a software licensing
agreement on December 9, 2003 (the "Original Software License Agreement"),
pursuant to which, Shanda Networking has the right to install and operate the
Licensed Software on the Designated Computer and to grant to its customers the
right to use such Licensed Software;

WHEREAS, Nanjing Shanda and Bianfeng desire to license the Licensed Software;

WHEREAS, The Licensor is willing to license the Licensed Software to Nanjing
Shanda and Bianfeng in addition to Shanda Networking.

                                       2

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WHEREAS, Shanda Networking and the Licensor wish to terminate Original Software
License Agreement and enter into this new software license agreement together
with Nanjing Shanda and Bianfeng.

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   "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.

1.2   "Licensed Information" means any information concerning the Licensed
      Program, which is owned by the Licensor and is licensed to the Licensees
      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 Licensees as confidential
      information or proprietary property of the Licensor.

1.3   "Licensed Software" mean the Xintianyou software V1.0, which include the
      Licensed Program and Licensed Information.

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

1.5   "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.

1.6   "Designated Computer" means the computers and the upgraded computers
      thereof installed in the offices of the Licensees.

1.7   "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

                                       3

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      computer software, technical parameter, price list, design, software
      documentation, manuals, models and account tables.

2     GRANT OF LICENSE AND LIMITATIONS

2.1   License to Use the Licensed Software. In accordance with the terms and
      conditions hereof, the Licensor agrees to grant to the Licensees and the
      Licensees agree to accept a nontransferable and non-exclusive license of
      the Licensed Software, pursuant to which the Licensees shall be allowed 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     FEES

3.1   In consideration of the license granted by the Licensor of the Licensed
      Software and that Shanda Networking had paid all fees of RMB 3,600,000 to
      the Licensor in accordance with the Original Software License Agreement,
      now (i) Nanjing Shanda agrees to pay installation fee of RMB 1,155,000 to
      Shanda Networking, and (ii) Bianfeng agrees to pay fees installation fee
      of RMB 165,000 to Shanda Networking.

3.2   Shengqu shall grant the Licensees the license and distribution right in
      the specific regions from December 9,2005 to December 31, 2005. From the
      first month after the installation of the Licensed Software on the
      Designated Computer, the Licensee shall in addition pay the Licensor a
      revenue sharing fee, the calculation formula of which is: revenue sharing
      fee = sales revenue realized by the Licensee through the use of computers
      which have installed the Licensed Software x 5%.

4     MONTHLY PAYMENTS

The Licensees shall make monthly installation fees to Shengqu as set forth:

4.1.1 The Licensee shall pay the Licensor 50% of the installation fee within
      three (3) days of the effective date of this Agreement;

4.1.2 The Licensee shall pay the Licensor the rest 50% of the installation fee
      within five (5) days of providing of the Licensed Software by the Licensor
      according to Article 3.1.

4.1.3 Subsequent to the installation and formal operation of the Licensed
      Software, the Licensee shall pay the Licensor revenue sharing fee on a
      monthly basis, and payment of the revenue sharing fee of each month shall
      be made within fifteen (15) days of the end of such month.

                                       4

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5     ORIGINALITY WARRANTY

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

5.2   In the event of any legal proceedings or claims by a third party against
      the Licensees 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 Licensees for any cost, expense
      and loss and the litigation fees and attorney fees payable by the
      Licensees according to the final court, provided that (a) the Licensees
      promptly inform the Licensor of the claims relating to said infringements,
      (b) the Licensees 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.

5.3   If the Licensees'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 Licensees
      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.

5.4   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 Licensees for free without
            any changes, and the Licensees still uses other versions;

      (b)   The program and data of the Licensed Software has been provided to
            the Licensees based on thorough studying. The licensees uses the
            Licensed Software together with other program or dada, and had the
            Licensees not done so, said infringement would have been avoided.
            However, the Licensees fails to avoid the use of the Licensed
            Software together with other program and data;

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

                                       5

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6     TERM AND TERMINATION

6.1   The term of this Agreement shall be one (1) years from date on which this
      Agreement is signed by all parties hereto. During the term of this
      Agreement the Licensees shall not unanimously terminate this Agreement.

6.2   This Agreement will continue for successive one (1) year terms until
      terminated by the Licensor providing thirty (30) days notice to the
      Licensees of its intent to terminate this Agreement at the end of the term
      hereof or the then-current term of this Agreement.

7     APPLICABLE LAWS

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

8     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.

                [Remainder of the Page Intentionally Left Blank]

                                       6

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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:___________________________
Name: Chen Tianqiao
Title: Chief Executive Officer

SHANGHAI SHANDA NETWORKING CO., LTD.

By:___________________________
Name: Chen Danian
Title: Senior Vice President

NANJING SHANDA NETWORKING CO., LTD.

By:___________________________
Name: Tang Jun
Title: President

HANGZHOU BIANFENG NETWORKING CO., LTD.

By:___________________________
Name: Wang Jingying
Title: Vice President

                                       7<PAGE>

                                                                    EXHIBIT 4.12

                          SOFTWARE LICENSING AGREEMENT

                                 E-SALES SYSTEM

                                DECEMBER 28, 2004

               SHENGQU INFORMATION TECHNOLOGY (SHANGHAI) CO., LTD.

                      SHANGHAI SHANDA NETWORKING CO., LTD.

                       NANJING SHANDA NETWORKING CO., LTD.

                     HANGZHOU BIANFENG NETWORKING CO., LTD.

                                       1

<PAGE>

                          SOFTWARE LICENSING AGREEMENT

THIS SOFTWARE LICENSING AGREEMENT (this "Agreement") is entered into by and
between the following Parties on December 28, 2004 in Shanghai:

(1)   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 Room 638-7, Building 2,
      351 Guoshoujing Road, Zhangjiang Hi-Tech Park, Shanghai, the PRC
      ("Shengqu" or the "Licensor");

(2)   Shanghai Shanda Networking Co., Ltd., a corporation organized and existing
      under the laws of the PRC and having its registered address at Room 402-B,
      727 Zhangjjiang Road, Pudong New Area, Shanghai, the PRC ("Shanda
      Networking");

(3)   Nanjing Shanda Networking Co., Ltd., a corporation organized and existing
      under the laws of the PRC and having its registered address at Room 801,
      High-technology Area, Nanjing, the PRC ("Nanjing Shanda "); and

(4)   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").

For the purpose of this Agreement, Shanda Networking, Nanjing Shanda and
Bianfeng shall be referred to collectively as the "Licensees".

                                    RECITALS

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

WHEREAS, The Licensor and Shanda Networking entered into a software licensing
agreement on December 9, 2003 (the "Original Software License Agreement"),
pursuant to which, Shanda Networking has the right to install and operate the
Licensed Software on the Designated Computer and to grant to its customers the
right to use such Licensed Software;

WHEREAS, Nanjing Shanda and Bianfeng desire to license the Licensed Software;

WHEREAS, The Licensor is willing to license the Licensed Software to Nanjing
Shanda and Bianfeng in addition to Shanda Networking.

                                       2

<PAGE>

WHEREAS, Shanda Networking and the Licensor wish to terminate Original Software
License Agreement and enter into this new software license agreement together
with Nanjing Shanda and Bianfeng.

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   "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.

1.2   "Licensed Information" means any information concerning the Licensed
      Program, which is owned by the Licensor and is licensed to the Licensees
      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 Licensees as confidential
      information or proprietary property of the Licensor.

1.3   "Licensed Software" mean the e-sales system 2.0, which include the
      Licensed Program and Licensed Information.

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

1.5   "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.

1.6   "Designated Computer" means the computers and the upgraded computers
      thereof installed in the offices of the Licensees.

1.7   "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

                                       3

<PAGE>

      computer software, technical parameter, price list, design, software
      documentation, manuals, models and account tables.

2     GRANT OF LICENSE AND LIMITATIONS

2.1   License to Use the Licensed Software. In accordance with the terms and
      conditions hereof, the Licensor agrees to grant to the Licensees and the
      Licensees agree to accept a nontransferable and non-exclusive license of
      the Licensed Software, pursuant to which the Licensees shall be allowed 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     FEES

3.1   In consideration of the license granted by the Licensor of the Licensed
      Software and that Shanda Networking had paid all fees of RMB 6,000,000 to
      the Licensor in accordance with the Original Software License Agreement,
      now (i) Nanjing Shanda agrees to pay installation fee of RMB 1,925,000 to
      Shanda Networking, and (ii) Bianfeng agrees to pay fees installation fee
      of RMB 275,000 to Shanda Networking.

3.2   Shengqu shall grant the Licensees the license and distribution right in
      the specific regions from December 9,2005 to December 31, 2005. From the
      first month after the installation of the Licensed Software on the
      Designated Computer, the Licensee shall in addition pay the Licensor a
      revenue sharing fee, the calculation formula of which is: revenue sharing
      fee = sales revenue realized by the Licensee through the use of computers
      which have installed the Licensed Software x 15%.

4     MONTHLY PAYMENTS

The Licensees shall make monthly installation fees to Shengqu as set forth:

4.1.1 The Licensee shall pay the Licensor 50% of the installation fee within
      three (3) days of the effective date of this Agreement;

4.1.2 The Licensee shall pay the Licensor the rest 50% of the installation fee
      within five (5) days of providing of the Licensed Software by the Licensor
      according to Article 3.1.

4.1.3 Subsequent to the installation and formal operation of the Licensed
      Software, the Licensee shall pay the Licensor revenue sharing fee on a
      monthly basis, and payment of the revenue sharing fee of each month shall
      be made within fifteen (15) days of the end of such month.

                                       4

<PAGE>

5     ORIGINALITY WARRANTY

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

5.2   In the event of any legal proceedings or claims by a third party against
      the Licensees 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 Licensees for any cost, expense
      and loss and the litigation fees and attorney fees payable by the
      Licensees according to the final court, provided that (a) the Licensees
      promptly inform the Licensor of the claims relating to said infringements,
      (b) the Licensees 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.

5.3   If the Licensees'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 Licensees
      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.

5.4   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 Licensees for free without
            any changes, and the Licensees still uses other versions;

      (b)   the program and data of the Licensed Software has been provided to
            the Licensees based on thorough studying. The licensees uses the
            Licensed Software together with other program or dada, and had the
            Licensees not done so, said infringement would have been avoided.
            However, the Licensees fails to avoid the use of the Licensed
            Software together with other program and data;

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

                                       5

<PAGE>

6     TERM AND TERMINATION

6.1   The term of this Agreement shall be one (1) years from date on which this
      Agreement is signed by all parties hereto. During the term of this
      Agreement the Licensees shall not unanimously terminate this Agreement.

6.2   This Agreement will continue for successive one (1) year terms until
      terminated by the Licensor providing thirty (30) days notice to the
      Licensees of its intent to terminate this Agreement at the end of the term
      hereof or the then-current term of this Agreement.

7     APPLICABLE LAWS

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

8     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.

                [Remainder of the Page Intentionally Left Blank]

                                       6

<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:___________________________
Name: Chen Tianqiao
Title: Chief Executive Officer

SHANGHAI SHANDA NETWORKING CO., LTD.

By:___________________________
Name: Chen Danian
Title: Senior Vice President

NANJING SHANDA NETWORKING CO., LTD.

By:___________________________
Name: Tang Jun
Title: President

HANGZHOU BIANFENG NETWORKING CO., LTD.

By:___________________________
Name: Wang Jingying
Title: Vice President

                                       7

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