China's State Council has announced that it approves China's Ministry of Industry and Information Technology to start the issuing of 3G licenses and it will continue to support the development and promotion of the Chinese-made TD-SCDMA wireless technology.

A group of people claiming to be marketing department staff of Sony Ericsson have gathered on a cold day outside the headquarters of Sony Ericsson in the Wangjing section of Beijing, asking for compensation after their labor contracts were terminated.

It's the final day of 2008, and according to a report released by the Game Software Department of the China Software Industry Association, the total revenue of China's overly-saturated game industry is expected to be over CNY54 billion for the entire year.

Taiwan-based game manufacturer Softstar Entertainment has held a shareholder meeting to discuss the scale and targets for its private placement plan and the Chinese online game operator 9you.com is one of the candidates.

Chinese electronics retailer Suning has published a notice that the company will suspend its equity incentive plan made in July 2008.

China Mobile Hong Kong Company Limited will sign a network capacity lease agreement with its parent company China Mobile Communications Corporation to rent the TD-SCDMA network capacity for one year at the price of no more than CNY1 billion.

The Chinese instant messaging provider Tencent may launch a QQ-themed netbook in 2009.

China Wireless Technologies Limited just announced that it entered into a further legally binding agreement on December 17, 2008 with eSurfing Telecom Terminal Co., Ltd., a wholly-owned subsidiary of China Telecom (CHA), to supply 100,000 CDMA terminal devices to eSurfing Telecom.

Chinese mobile phone chain store D.Phone announced that the company has cooperated with Nokia (NOK) in opening a Nokia specialty store in Beijing.

According to reports in Japanese local media, about 100 Japanese enterprises will open online stores in China in the next few months and sell their products via the Internet, aiming to realize sales of JPY4 billion in the first year of their operation.

Chinese online game developer Shanda (SNDA) has expanded the aggregate dollar value of outstanding shares and may repurchase under its current share repurchase program from USD200 million to USD300 million.

Seven Chinese online game operators, including Shanda (SNDA), NetEase (NTES), Giant (GA), The9 (NCTY), Perfect World (PWRD), Ourgame and Holdfast, have jointly announced plans to cooperate with the Chinese security software provider 360 to fight game identity theft trojan viruses.

The world's leading electronics retailer Best Buy (BBY) has started to sell its self-owned brand LCD TVs in China for the first time and those TVs are only available in Best Buy's stores.

To broaden sources of income and reduce expenditure, Taiwan-based technology manufacturing group Hon Hai Precision Industry Company is planning to implement large-scale employee relocations to third-tier Chinese mainland cities that can offer preferential tax policies in addition to reducing its operating budget for 2009 by 20%.

CCTV.com, the official website of China Central Television, has been sued by the Beijing-based Qiusuo Hengda Investment Consulting Co., Ltd. for illegal broadcasting of a TV series.