Document:

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                                                                    Exhibit 4.88

                 DEBIT CARD AND CREDIT CARD ONLINE-SALES SYSTEM
                          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:

     SHANDA COMPUTER (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 ("Shanda Computer" or the "Licensor");

     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" or the "Licensee");

                                    RECITALS

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

     WHEREAS, Shanda Networking desires to license the Licensed Software;

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

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1.3  "Designated Computer" means the computers and the upgraded computers
     thereof 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 debit card and credit card online-sales
     system, which includes the Licensed Program and the Licensed Information.
     This system is used to link the online payment interface to the billing
     system and the online game servers by end users to enable the transaction
     of payments by debit cards and credit cards issued by different banks.

1.7  "North China" shall mean Beijing and Tianjin Municipalities, Hebei and
     Shanxi[(Chinese Character)] provinces and the Inner Mongolia autonomous
     region.

1.8  "North-west China" shall mean the provinces of Shanxi[(Chinese Character)],
     Gansu and Qinghai, and the Ningxia and Xinjiang autonomous regions.

1.9  "South-west China" shall mean the provinces of Sichuan, Guizhou and Yunnan,
     Chongqin Municipality and the Tibet autonomous region.

1.10 "Territory" shall mean North China, North-west China and South-west China.

1.11 "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 Shanda Networking a
     license for the Territory to install and

                                        2

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     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, now Shanda Networking agrees to pay installation fee of RMB
     1,200,000 to Shanda Computer.

3.2  Shanda Computer shall deliver the invoice to the Licensee within fifteen
     (15) days after the receipt of such installation fees.

4    ROYALTY FEES

4.1  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%.

4.2  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.

4.3  Shanda Computer shall deliver the invoice to the Licensee within fifteen
     (15) days after the receipt of such installation fees.

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 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.

5.3  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

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     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.

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 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 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.

6    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.

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.

              [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.

SHANDA COMPUTER (SHANGHAI) CO., LTD.

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

SHANGHAI SHANDA NETWORKING CO., LTD.

By: /s/ Chen Danian
    ---------------------------------
Name: Chen Danian
Title: Senior Vice President

                                        5<PAGE>

                                                                    Exhibit 4.89

                 DEBIT CARD AND CREDIT CARD ONLINE-SALES SYSTEM
                          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:

     SHANDA COMPUTER (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 ("Shanda Computer" or the "Licensor"); and

     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" 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  "Central-south China" shall mean the provinces of Henan, Hunan, Hubei,
     Guangdong and Hainan and the Guangxi autonomous region.

1.3  "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,

                                       1

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     including but not limited to computer software, technical parameter, price
     list, design, software documentation, manuals, models and account tables.

1.4  "Designated Computer" means the computers and the upgraded computers
     thereof installed in the offices of the Licensee.

1.5  "East China" shall mean the provinces of Jiangsu, Zhejiang, Anhui, Fujian,
     Jiangxi and Shandong and Shanghai Municipality.

1.6  "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.

1.7  "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.

1.8  "Licensed Software" means the debit card and credit card online-sales
     system, which includes the Licensed Program and the Licensed Information.
     This system is used to link the online payment interface to the billing
     system and the online game servers by end users to enable the transaction
     of payments by debit cards and credit cards issued by different banks.

1.9  "Territory" shall mean East China and Central-south China.

1.10 "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
     for the Territory 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

                                        2

<PAGE>

3.1  In consideration of the license granted by the Licensor of the Licensed
     Software, now Nanjing Shanda agrees to pay installation fee of RMB
     1,200,000 to Shanda Computer.

3.2  Shanda Computer shall deliver the invoice to the Licensee within fifteen
     (15) days after the receipt of such installation fees.

4    ROYALTY FEES

4.1  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%.

4.2  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.

4.3  Shanda Computer shall deliver the invoice to the Licensee within fifteen
     (15) days after the receipt of such installation fees.

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 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.

5.3  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.

                                        3

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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 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 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.

6    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.

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.

              [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.

SHANDA COMPUTER (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

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