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Forbes ranked Chen as the 10th richest person in China in 2010, and estimates his current net worth at over $1 billion. A few weeks ago, Shanda Group, led by Chen, acquired a nearly 12% stake in out-of-favor fintech startup LendingClub (NYSE: LC), based in San Francisco. In April, Shanda acquired a 9.9% stake in Baltimore-based global asset management firm Legg Mason Inc. (NYSE: LM). In November 2015, Shanda participated in a Series C funding round for Israeli startup ElMindA, a pioneer in neuroscience-based technology for analyzing brain network functionality.]]>