Chinese telecommunications operator China Mobile has announced that the company has invested NTD17.77 billion, which is about CNY3.6 billion, in acquiring a 12% stake in the Taiwan-based telecommunications company Far Eastone Telecommunications.

Chinese home appliances and electronics manufacturer Qingdao Haier has published its annual financial report for 2008 and states its performance increased despite the economic slowdown during the year, achieving net profit increase of nearly 20%.

Chinese social networking service developer Oak Pacific Interactive, the owner of Xiaonei.com and Kaixin.com, is reportedly preparing for the launch of its third SNS website, Hi.mop.com.

Chinese mobile value-added service company Hurray Holding Company Ltd. might have a suitor, as the company announced it has received an offer to sell a 51% stake.

China-based Semiconductor Manufacturing International Corporation announced its consolidated results of operations for the three months ended March 31, 2009, showing overall revenue decreased to USD146.5 million in the quarter, down by 46.2% from the previous quarter.

Melbourne, Australia (April 29, 2009) /ChinaNewswire.com/ — GoIndustry DoveBid, UK stock market listed provider of global asset auction and valuation services, was recently appointed by Goodyear Dunlop Australia for the disposal of its Somerton tyre manufacturing facility. The plant located in Melbourne Australia, closed its operations in December 2008.
This most recent appointment was won [...]

Chinese software and online game provider Kingsoft and the People's Insurance Company of China have jointly announced plans to launch a computer insurance edition of Kingsoft Duba to provide better security to PC users.

Chinese electronics retailer Gome Electrical Appliance Holdings has published its financial report for the fiscal year ended December 31, 2008, and states that its net profit decreased by 7% year-on-year to CNY1.048 billion.

Chinese financial services software provider Longtop Financial Technologies Limited has entered into a definitive agreement to acquire the business and assets of Sysnet Info-tech Corporation, for an undisclosed sum.

Alcatel-Lucent is aiming for more Chinese 3G wireless growth with the signing of two framework agreements valued at a total of USD1.7 billion with China Mobile and China Telecom.

Chinese search engine Baidu.com says its Internet advertising revenue increased and the future looks bright as it announced its unaudited financial results for the first quarter ended March 31, 2009.

China Unicom, the Chinese telecommunications operator that manages WCDMA as its 3G business, will launch a new 3G brand "Wo" and its logo on April 28, 2009, marking the formal beginning of the company's promotion of its 3G business.

According to China Mobile's Shanghai branch, its regulations related to micropayments made with mobile phones have been completed and consumers in Shanghai will soon be able to pay with mobile phones in McDonald's and Starbucks.

Chinese search engine provider Baidu.com has formally launched a travel page at lvyou.baidu.com in time for the Labor Day holiday to provide travel information collection services.

Hong Kong, China (April 27, 2009) /ChinaNewswire.com/ — US Department of Treasury's Director of the Office of Foreign Assets Control will deliver the Keynote address at American Conference Institute's Asia Forum on Economic Sanctions & OFAC Compliance June 18-19, 2009 Island Shangri-La Hong Kong
Adam J. Szubin, Director of OFAC will speak on OFAC's new [...]