Australian telecommunications company Telstra (TLS) has purchased a 51% stake in China's SouFun.com, one of China's top real-estate and home furnishing and improvement website, for US$254 million.

Wireless value-added service provider KongZhong (KONG) has inked an agreement with Channel V, becoming the exclusive strategic partner of the music channel in mainland China.

The Guangdong Provincial RFID Public Technology Support Center, the first of its kind in China, has been formally opened with the joint efforts of the Guangdong Provincial Radio Inspection Station and Logistic & IT Associates.

China UnionPay has opened its first overseas representative office in Singapore.

By Perry Wu
If Foxconn were Jackie Chan, the Apple iPod OEM company would silently march the streets of Guangzhou looking for redemption. This week the action hero took to the streets of Hong Kong to protest the sexy paparazzi photo of a pop singer changing backstage. At the same time, Foxconn petitioned a Guangdong court [...]

Apple (AAPL) iPod's Chinese OEM Foxconn has decided against suing two Chinese journalists for CNY30 million.

The Standardization Administration of China has published the new digital television ground transmission standard, which will be formally implemented on August 1, 2007.

Google.com (GOOG) announced that it has made a new headway in the book search service in China with two more partners being added to its book search partner list.

Chinese Internet e-payment services provider YeePay has scored an undisclosed amount of financing from a group of venture capital veterans.

China's Ministry of Information Industry has laid out a blueprint for China's software industry during the 11th Five-Year Period, aiming to have the country's self-developed software account for 5% of the world's total by the year 2010.

CDC Games, a wholly owned subsidiary of CDC Corporation's (CHINA) China.com, has announced its Online Games Developer Program, which includes US$20 million earmarked for investment in strategic game development partners.

Chinese color TV manufacturer giant Skyworth has reached cooperation with mobile storage service provider Netac Technology. The parties will together create a new website to provide a high definition films and video downloading service.

Since its new wireless value-added service provider management measure was implemented in June, Guangdong Mobile has downgraded 137 unqualified service providers, accounting for 17% of Guangdong Province's total service providers.

Alcatel (ALA) has been selected by Heilongjiang Netcom, a subsidiary of China Netcom (CN), to deploy the Next Generation Network across the Heilongjiang Province.

Electronic payment systems company SmartPay and Chongqing Run Feng Airlines Services Company, one of the largest airline ticketing agents in Chongqing, are launching a mobile airline e-ticketing service for customers in the Chongqing region.