Document:

<PAGE>

                                                                    EXHIBIT 4.34

                      BILLING TECHNOLOGY LICENSE AGREEMENT

                                     Between

                       NANJING SHANDA NETWORKING CO., LTD.

                                       and

               SHENGQU INFORMATION TECHNOLOGY (SHANGHAI) CO., LTD.

<PAGE>

                      BILLING TECHNOLOGY LICENSE AGREEMENT

THIS BILLING TECHNOLOGY LICENSE AGREEMENT (this "Agreement") is entered into on
December 28, 2004, in Shanghai, by and between Nanjing Shanda Networking Co.,
Ltd. ("Nanjing Shanda"), a domestic company organized and existing under the
laws of the People's Republic of China (the "PRC"), and Shengqu Information
Technology Co., Ltd. ("Shengqu"), a wholly foreign-owned company organized and
existing under the laws of the PRC.

1     DEFINITIONS

Except otherwise specifically defined in this Agreement or unless the context
requires otherwise, the terms used in this Agreement shall have the meanings as
set forth below:

1.1   "Term" shall be the duration of this Agreement stated in Article 2.3
      hereof;

1.2   "Billing Technology" shall mean technology information, know-how, design,
      drawing, process, method, data, program and other information that have
      been existing on the date of this Agreement or will be developed in the
      future, on case-by-case basis, as agreed by the Parties. "Billing
      Technology" may be in writing or other appropriate forms and will be
      licensed by Shengqu to Nanjing Shanda under this Agreement. Details of
      Billing Technology are described in Appendix 1 attached hereto.

1.3   "Parties" shall mean both Nanjing Shanda and Shengqu, and a "Party" means
      either one of them.

1.4   "PRC" shall mean the People's Republic of China, and, for the purpose of
      this Agreement, excluding Taiwan, Hong Kong and Macau Special
      Administrative Regions.

1.5   "Licensed Region" shall mean Shanghai, Zhejiang, Jiangsu, Anhui, Fujian,
      Jiangxi, Shandong, Henan, Hubei, Hunan, Guangdong, Guangxi and Hainan.

                                       2
<PAGE>

2     GENERAL TERMS

2.1   Shengqu hereby agrees to non-exclusively license the Billing Technology to
      Nanjing Shanda and Nanjing Shanda hereby agrees to obtain such license
      from Shengqu pursuant to the terms and conditions of this Agreement.

2.2   Unless otherwise agreed by Shengqu in writing, Nanjing Shanda shall not
      acquire identical or similar technology license from any third party.

2.3   This Agreement shall be effective upon the execution hereof by the
      authorized representatives of the Parties and shall remain effective for a
      period of one (1) year.

2.4   The licensed technology hereunder is described in Schedule A hereto. The
      Parties may jointly make adjustment to Schedule A after the date of this
      Agreement.

3     LICENSE

3.1   In consideration of the payment of the license fee by Nanjing Shanda and
      the covenants made by Nanjing Shanda under this Agreement, Shengqu hereby
      grants Nanjing Shanda a license, to allow Nanjing Shanda to use the
      Billing Technology in the Licensed Region; the Parties acknowledge that
      the territory of said license shall be the Licensed Region only.

3.2   Nanjing Shanda hereby agrees to use the Billing System in accordance with
      the terms and conditions of this Agreement. It is further acknowledged
      that, without the written consent of Shengqu, Nanjing Shanda shall not
      sublicense or transfer the Billing Technology to any third party.

3.3   During the term of this Agreement, Nanjing Shanda has the right to
      indicate, in advertisements and promotion materials in connection with
      online games, that the Billing System is licensed by Shengqu to Nanjing
      Shanda.

3.4   The license for the Billing Technology granted by Shengqu to Nanjing
      Shanda

                                       3
<PAGE>

      shall not be construed as a grant of any proprietary right in the Billing
      Technology to Nanjing Shanda. The proprietary rights to be Billing
      Technology shall remain with Shengqu.

3.5   Nanjing Shanda acknowledges that Shengqu owns the Billing Technology and
      enjoys theproprietary right to the Billing Technology. Unless otherwise
      expressly provided herein or with theprior written consent of Shengqu,
      Nanjing Shanda shall not use or apply for or register any copyright or
      patent right in connection with the Billing Technology or the Billing
      System, nor shall Nanjing Shanda do or permit to be done anything that
      might directly or indirectly prevent Shengqu from registering the
      copyright to or any patent rights in connection with the Billing
      Technology or the Billing System.

4     DELIVERY OF TECHNOLOGY

Subsequent to the execution of this Agreement and upon the request of Nanjing
Shanda, Shengqu shall deliver the Billing Technology, including all necessary
documents, to Nanjing Shanda within a reasonable time.

5     LICENSE FEE

The license fee payable hereunder shall be calculated and paid as follows:

5.1   The license fee payable by Nanjing Shanda to Shengqu hereunder shall be
      calculated as follows: License fee = standard monthly fee per player x
      average number of concurrent online game players per month;

5.1.1 average number of concurrent online game players per month shall be the
      aggregate of the average number of concurrent online game players for all
      commercialized games in the month;

5.1.2 standard monthly fee per player shall be RMB13.46 per month for the year
      2005 and thereafter;

5.2   Shengqu shall have the right to adjust the amount of standard monthly fee
      per player in accordance with the actual business operation of Nanjing
      Shanda; and

                                       4
<PAGE>

5.3   Nanjing Shanda shall provide Shengqu with the concurrent online game
      players data, the number of users and income which is billed through the
      Billing Technology, and other related data. Shengqu shall be entitled to
      check and verify the aforesaid data provided by Nanjing Shanda at any
      time.

6     PAYMENT OF LICENSE FEE

6.1   Payment of License Fee shall be made by Nanjing Shanda on a quarterly
      basis and shall be made within three (3) months following each quarter's
      end.

6.2   The Parties understand and agree that, if Nanjing Shanda fails to make
      payment of the License Fee before the final due date within the time
      stipulated herein without the consent of Shengqu, Shengqu shall be
      entitled to request Nanjing Shanda to pay overdue interest on the
      delinquent payment, and the rate for such overdue interest shall be the
      rate for short-term commercial loans on such due date published by the
      People's Bank of China.

7     TECHNOLOGY ENHANCEMENT

After the effectiveness of this if Shengqu makes further developments and
enhancements to the Billing Technology any intellectual property or other right
arising out of any further development and enhancement of the Billing Technology
shall belong to Shengqu.

8     EXTENSION OF AGREEMENT

This Agreement shall remain effective during the term hereof, which will be
automatically renewed for an additional one (1) year period upon expiry of each
term unless Shengqu notifies Nanjing Shanda of its intention not to renew thirty
(30) days before the current term expires.

9     GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of
the PRC.

                                       5
<PAGE>

10    EXECUTION

This Agreement shall be executed on or before the effective date hereof by the
duly authorised representative of each Party of this Agreement.

                [Remainder of the page intentionally left blank]

                                       6
<PAGE>

IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by
their respective duly authorized signatories as of the day and year first
written above.

NANJING SHANDA NETWORKING CO., LTD.

By: _________________
Name: Tang Jun
Title: General Manager

SHENGQU INFORMATION TECHNOLOGY (SHANGHAI) CO., LTD.

By: _________________
Name: Chen Tiaoqiao
Title: Board Chairman

                                        7
<PAGE>

Appendix 1:

                   DESCRIPTIONS OF FUNCTIONS OF BILLING SYSTEM

Billing System consists of User Registration Module, Recharge Interface Module,
Payment Information Synchronization Module, and other value-added modules such
as Second-Based Billing Module, Day-Based Billing Module, and IP-Based Billing
Module.

      -     User Registration Module loads the synchronized registration
            information of users from the game to the Billing System, forming
            the basis of the users of Billing System. The data is sent to game
            system by means of web interface or MQ.

      -     Recharge Interface Module links to the sales system of online
            channels. The systems receive the recharge request from users,
            convert the authentication, and add the time that accords to the
            recharged cards to the specific character accounts.

      -     Payment Information Synchronization Module transfer users' remained
            time to the game system by means of FTP or MQ.

      -     Second-Based Billing Module consists of Payment Information
            Synchronization Module and Billing Module. The former one
            synchronize the time information about used time to the Billing
            System for further application, by means of FTP or MQ. Billing
            Module subtracts the used time transferred by Synchronization Module
            from users' remained time.

      -     Day-Based Billing Module realize the subtraction function based on
            the periods of monthly and daily subscription.

      -     Other value-added modules provide interfaces to some business
            partners, for example, IP-Based billing function supplies some ISP
            free games based on IP, and IP-based billing.

As an open system, Billing System supports most popular game genres, such as
MMORPG and casual games. The system supplies billing service based on the
playtime length of game, as well as period length such as monthly subscription.
Moreover, the system can, according to the requirements of the game, provide
billing solution based on time.

<PAGE>

Appendix 2:

SOFTWARE AND HARDWARE ENVIRONMENT FOR THE OPERATION OF BILLING SYSTEM

      Software Requirement: Windows 2000, SQL Server2000, MSMQ, IIS

      Hardware Requirement:

            Database Server Requirement:

                  CPU: 2.4GHZ * 4
                  RAM: 2G
                  HD: 18G + 36G * 4
                  Network Card: 100M * 2
                  Reference: DELL 6650

            Database Server Amounts:

                  Avg. 20 game regions / server
                  Max. 10 game regions / server (games that need large data
                  flow)

            Application Server Requirement:

                  CPU: 2.4GHZ * 2
                  RAM: 1G
                  HD: 18G + 36G * 2
                  Network Card: 100M * 2
                  Reference: DELL 2650

            Application Server Amounts:

                  Avg. 40 game regions / server
                  Max. 20 game regions / server (games that need large data
                  flow)

            Web Server Requirement:

                  CPU: 2.4GHZ * 1 (2 are recommended)
                  HD: 18G + 36G
                  Network Card: 100M * 2
                  Reference: DELL 2650

            WEB Server Amounts:

                  1 Server

                                        1
<PAGE>

Schedule A:

                BILLING SYSTEM TABLES BASED ON BILLING TECHNOLOGY

<TABLE>
<CAPTION>
      Name            Billing System             Briefing          Note
----------------   --------------------   ----------------------   ----
<S>                <C>                    <C>                      <C>
The Legend of      Mir2 Billing System    Supply billing
Mir                                       solutions for TloM
                                          based on playtime,
                                          period, IP, and other
                                          value-added
                                          applications.

The World of       Woool Billing System   Supply billing
Legend                                    solutions for TWoL
                                          based on playtime
                                          and period.

Fortress 2         FT2 Billing System     Supply billing
                                          solutions for Fortress
                                          2 based on period.

BNB                BNB Billing System     Supply billing
                                          solutions for BNB
                                          based on coupon.

Shattered Galaxy   PS Billing System      Supply billing
                                          solutions for SG
                                          based on playtime
                                          and period.
</TABLE>

                                        2<PAGE>

                                                                    EXHIBIT 4.35

                      BILLING TECHNOLOGY LICENSE AGREEMENT

                                     Between

                HANGZHOU BIANFENG NETWORKING TECHNOLOGY CO., LTD.

                                       and

               SHENGQU INFORMATION TECHNOLOGY (SHANGHAI) CO., LTD.

<PAGE>

                      BILLING TECHNOLOGY LICENSE AGREEMENT

THIS BILLING TECHNOLOGY LICENSE AGREEMENT (this "Agreement") is entered into on
this 28th day of December, 2004, in Shanghai, by and between Hangzhou Bianfeng
Networking Technology Co., Ltd. ("Bianfeng"), a domestic company organized and
existing under the laws of the People's Republic of China (the "PRC"), and
Shengqu Information Technology Co., Ltd. ("Shengqu"), a wholly foreign-owned
company organized and existing under the laws of the PRC.

1     DEFINITIONS

Except otherwise specifically defined in this Agreement or unless the context
requires otherwise, the terms used in this Agreement shall have the meanings as
set forth below:

1.1   "Term" shall be the duration of this Agreement stated in Article 2.3
      hereof;

1.2   "Billing Technology" shall mean technology information, know-how, design,
      drawing, process, method, data, program and other information that have
      been existing on the date of this Agreement or will be developed in the
      future, on case-by-case basis, as agreed by the Parties. "Billing
      Technology" may be in writing or other appropriate forms and will be
      licensed by Shengqu to Bianfeng under this Agreement. Details of Billing
      Technology are described in Appendix 1 attached hereto.

1.3   "Parties" shall mean both Bianfeng and Shengqu, and a "Party" means either
      one of them.

1.4   "PRC" shall mean the People's Republic of China, and, for the purpose of
      this Agreement, excluding Taiwan, Hong Kong and Macau Special
      Administrative Regions.

1.5   "Licensed Region" shall mean Heilongjiang, Jilin, Liaoning.

2     GENERAL TERMS

2.1   Shengqu hereby agrees to non-exclusively license the Billing Technology to

                                       2
<PAGE>

      Bianfeng and Bianfeng hereby agrees to obtain such license from Shengqu
      pursuant to the terms and conditions of this Agreement.

2.2   Unless otherwise agreed by Shengqu in writing, Bianfeng shall not acquire
      identical or similar technology license from any third party.

2.3   This Agreement shall be effective upon the execution hereof by the
      authorized representatives of the Parties and shall remain effective for a
      period of one (1) year.

2.4   The licensed technology hereunder is described in Schedule A hereto. The
      Parties may jointly make adjustment to Schedule A after the date of this
      Agreement.

3     LICENSE

3.1   In consideration of the payment of the license fee by Bianfeng and the
      covenants made by Bianfeng under this Agreement, Shengqu hereby grants
      Bianfeng a license, to allow Bianfeng to use the Billing Technology in the
      Licensed Region; the Parties acknowledge that the territory of said
      license shall be the Licensed Region only.

3.2   Bianfeng hereby agrees to use the Billing System in accordance with the
      terms and conditions of this Agreement. It is further acknowledged that,
      without the written consent of Shengqu, Bianfeng shall not sublicense or
      transfer the Billing Technology to any third party.

3.3   During the term of this Agreement, Bianfeng has the right to indicate, in
      advertisements and promotion materials in connection with online games,
      that the Billing System is licensed by Shengqu to Bianfeng.

3.4   The license for the Billing Technology granted by Shengqu to Bianfeng
      shall not be construed as a grant of any proprietary right in the Billing
      Technology to Bianfeng. The proprietary right or property rights to the
      Billing Technology shall remain with Shengqu.

3.5   Bianfeng acknowledges that Shengqu owns the Billing Technology and enjoys

                                       3
<PAGE>

      the proprietary right to the Billing Technology. Unless otherwise
      expressly provided herein or with prior written consent of Shengqu,
      Bianfeng shall not use or apply for or register any copyright or patent
      right in connection with the Billing Technology or the Billing System, nor
      shall Bianfeng do or permit to be done anything that might directly or
      indirectly prevent Shengqu from registering the copyright to or any
      patents right in connection with the Billing Technology or the Billing
      System.

4     DELIVERY OF TECHNOLOGY

Subsequent to the execution of this Agreement and upon the request of Bianfeng,
Shengqu shall deliver the Billing Technology, including all necessary documents,
to Bianfeng within a reasonable time.

5     LICENSE FEE

The license fee payable hereunder shall be calculated and paid as follows:

5.1   The license fee payable by Bianfeng to Shengqu hereunder shall be
      calculated as follows: License fee = standard monthly fee per player x
      average number of concurrent online game players per month;

5.1.1 average number of concurrent online game players per month shall be the
      aggregate of average number of concurrent online game players for all
      commercialized games in the month;

5.1.2 standard monthly fee per player shall be RMB13.46 per month for the year
      2005 and thereafter;

5.2   Shengqu shall have the right to adjust the amount of the standard monthly
      fee per player in accordance with the actual business operation of
      Bianfeng; and

5.3   Bianfeng shall provide Shengqu with the concurrent online game players
      data, the number of users and income which is billed through the Billing
      Technology, and other related data. Shengqu shall be entitled to check and
      verify the aforesaid data provided by Bianfeng at any time;

                                       4
<PAGE>

6     PAYMENT OF LICENSE FEE

6.1   Payment of License Fee shall be made by Bianfeng on a quarterly basis and
      shall be made within three (3) months following each quarter's end.

6.2   The Parties understand and agree that, if Bianfeng fails to make payment
      of the License Fee before the final due date within the time stipulated
      herein without the consent of Shengqu, Shengqu shall be entitled to
      request Bianfeng to pay overdue interest on the delinquent payment, and
      the rate for sucd overdue interest shall be the rate for short-term
      commercial loans on such due date published by the People's Bank of China.

7     TECHNOLOGY ENHANCEMENT

After the effectiveness of this Agreement, if Shengqu makes developments and
enhancements to the Billing Technology any intellectual property or other right
arising out of any further development and enhancement of Billing Technology
shall belong to Shengqu.

8     EXTENSION OF AGREEMENT

This Agreement shall remain effective during the term hereof, which will be
automatically renewed for an additional one (1) year period upon expiry of each
term unless Shengqu notifies Bianfeng of its intention not to renew thirty (30)
days before the current term expires.

9     GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of
the PRC.

10    EXECUTION

This Agreement shall be executed on or before the effective date hereof by the
duly authorised representative of each Party of this Agreement.

                                       5
<PAGE>

IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by
their respective duly authorized signatories as of the day and year first
written above.

HANGZHOU BIANFENG NETWORKING TECHNOLOGY CO., LTD.

By: _________________
Name: Tang Jun
Title: General Manager

SHENGQU INFORMATION TECHNOLOGY (SHANGHAI) CO., LTD.

By: _________________
Name: Chen Tiaoqiao
Title: Board Chairman

                                       6
<PAGE>

Appendix 1:

                   DESCRIPTIONS OF FUNCTIONS OF BILLING SYSTEM

Billing System consists of User Registration Module, Recharge Interface Module,
Payment Information Synchronization Module, and other value-added modules such
as Second-Based Billing Module, Day-Based Billing Module, and IP-Based Billing
Module.

      -     User Registration Module loads the synchronized registration
            information of users from the game to the Billing System, forming
            the basis of the users of Billing System. The data is sent to game
            system by means of web interface or MQ.

      -     Recharge Interface Module links to the sales system of online
            channels. The systems receive the recharge request from users,
            convert the authentication, and add the time that accords to the
            recharged cards to the specific character accounts.

      -     Payment Information Synchronization Module transfer users' remained
            time to the game system by means of FTP or MQ.

      -     Second-Based Billing Module consists of Payment Information
            Synchronization Module and Billing Module. The former one
            synchronize the time information about used time to the Billing
            System for further application, by means of FTP or MQ. Billing
            Module subtracts the used time transferred by Synchronization Module
            from users' remained time.

      -     Day-Based Billing Module realize the subtraction function based on
            the periods of monthly and daily subscription.

      -     Other value-added modules provide interfaces to some business
            partners, for example, IP-Based billing function supplies some ISP
            free games based on IP, and IP-based billing.

As an open system, Billing System supports most popular game genres, such as
MMORPG and casual games. The system supplies billing service based on the
playtime length of game, as well as period length such as monthly subscription.
Moreover, the system can, according to the requirements of the game, provide
billing solution based on time.

<PAGE>

Appendix 2:

SOFTWARE AND HARDWARE ENVIRONMENT FOR THE OPERATION OF BILLING SYSTEM

      Software Requirement: Windows 2000, SQL Server2000, MSMQI, IIS

      Hardware Requirement:

            Database Server Requirement:

                  CPU: 2.4GHZ * 4
                  RAM: 2G
                  HD: 18G + 36G * 4
                  Network Card: 100M * 2
                  Reference: DELL 6650

            Database Server Amounts:

                  Avg. 20 game regions / server
                  Max. 10 game regions / server (games that need large data
                  flow)

            Application Server Requirement:

                  CPU: 2.4GHZ * 2
                  RAM: 1G
                  HD: 18G + 36G * 2
                  Network Card: 100M * 2
                  Reference: DELL 2650

            Application Server Amounts:

                  Avg. 40 game regions / server
                  Max. 20 game regions / server (games that need large data
                  flow)

            Web Server Requirement:

                  CPU: 2.4GHZ * 1 (2 are recommended)
                  RAM: 1G
                  HD: 18G + 36G
                  Network Card: 100M * 2
                  Reference: DELL 2650

            WEB Server Amounts:

                  1 Server

                                       1
<PAGE>

Schedule A:

                BILLING SYSTEM TABLES BASED ON BILLING TECHNOLOGY

<TABLE>
<CAPTION>
        Name          Billing System            Briefing        Note
----------------   --------------------   -------------------   ----
<S>                <C>                    <C>                   <C>
The Legend of      Mir2 Billing System    Supply billing
Mir                                       solutions for TloM
                                          based on playtime,
                                          period, IP, and
                                          other value-added
                                          applications.

The World of       Woool Billing System   Supply billing
Legend                                    solutions for TWoL
                                          based on playtime
                                          and period.

Fortress 2         FT2 Billing System     Supply billing
                                          solutions for
                                          Fortress 2 based on
                                          period.

BNB                BNB Billing System     Supply billing
                                          solutions for BNB
                                          based on coupon.

Shattered Galaxy   PS Billing System      Supply billing
                                          solutions for SG
                                          based on playtime
                                          and period.
</TABLE>

                                       2

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