Glu Mobile (GLUU) has agreed to acquire Beijing Zhangzhong MIG Information Technology Company, one of the many mobile games companies populating China.

While shifting from a manufacturer to a technology provider, Foxconn is making Shenzhen its global planning headquarters and a center for global manufacturing.

China Mobile (CHL) has formally launched a B2C payment service with Guangzhou as one of its pilot cities.

China 3C Group, a retailer and distributor of consumer and business products in China, announced that it signed a binding letter of intent to become the exclusive supplier for 3C800.com, an online Chinese retailer of B2C electronics
products.

Western Union (WU) announced a program that allows Google (GOOG) AdSense publishers to receive payment in cash in nine countries and regions, including mainland China.

News from Kingsoft is that Yahoo (YHOO) China is hoping to enter the online game market with Kingsoft.

Tom Online has announced plans to make some adjustments on the framework of its portal website and shift from a content based media to a product and function based service provider, a move destined to have Tom Online completely give up the news portal business.

Ya-Qin Zhang, president of Microsoft (MSFT) China, has told local media that Microsoft China will recruit 1000 engineers in the new fiscal year and this would bring its total employee number in China to 6000.

China's anti-virus software company Rising has signed an agreement with B2C Internet service provider Taobao.com and the two parties will carry out a range of cooperation to create a safe and reliable online transaction platform for Chinese users.

Mo Tianquan, president and CEO of Chinese online real estate service provider Soufun.com, has told Hong Kong media that Soufun.com plans to get listed in Hong Kong next year and the company has already begun to make preparations for this.

Embattled Chinese wireless value-added service provider Linktone (LTON) says it recorded a net loss of US$2.8 million for the third quarter ended September 30, 2007.

Shanda (SNDA) says its consolidated Chinese gaming net revenues achieved a record high of CNY656.3 million as it reported its unaudited consolidated financial results for the third quarter ended September 30, 2007.

Chinese technology firm PacificNet (PACT.PK) has reported its unaudited results for the third quarter ended September 30, 2007 shows quarterly revenue was US$9.8 million, approximately 7% less than the same period last year.

China's Ministry of Information Industry has once again exposed 13 illegal service providers, including Tom.com and Tencent.

Alibaba will cooperate with Taiwan e-commerce service provider eDynamics to bring its online payment tool Alipay to the Taiwan market.