Cai Chongxin, chief financial officer of the Chinese B2B e-commerce giant Alibaba Group, has announced in an internal email that the group will set up a fund management company that will focus on the second-tier market and the company will be led by Xiong Xiong, former CEO of Libra Capital.

Chinese online travel service provider Mangocity.com has introduced the dynamic and real-time flight query service by using Feeyo.com's dynamic flight data.

Chinese Internet company NetEase.com is reportedly planning to separate its Web portal business, which includes advertising and wireless services, from its online game business, and the company may separately list its portal business.

Taiwan Semiconductor Manufacturing Company has announced its performance for the first quarter of 2009 and states it made NTD39.5 billion during the period, which was higher than expectations.

CCTV.com, the official website for China Central Television, has sued Chinese Web portal Tom.com for illegal broadcasting of the 2009 Spring Festival Gala and asked the defendant for CNY1 million in compensation.

China's TCL Group has published its sales statistics for March 2009 and states that its LCD TV sales in the domestic Chinese market surged by 356.6% year-on-year during the month.

Shanda Games Limited, the game subsidiary of Chinese online entertainment company Shanda Interactive Entertainment Limited, plans to start commercial launch of "Aion: The Tower of Eternity" on April 16, 2009.

China Telecom, the Chinese telecommunications operator that operates the CDMA network in China, has announced that its 3G signal has now covered all the suburban areas and counties outside the fifth ring road area of Beijing, realizing a full coverage of the city.

According to the information from the headquarters of the Jiangsu-based Five Star Appliance, which was acquired by the American electronics giant Best Buy, the company has signed an agreement with Apple to become its first-tier distributor.

According to Chinese communications equipment makers, China Mobile may launch TD-SCDMA wireless telephone service in 38 cities nationwide in May 2009. This new service is reportedly undergoing commercial trial in Shanghai and Guangdong and the largest selling point of this service is its low charges, with the local calling fee at low to CNY0.06 per [...]

I.T. automation software provider Kaseya has entered the Chinese market, taking it as an important part of its global expansion strategy.

Chinese security company Rising has started a new overseas expansion plan and has launched the English edition of its Kaka Internet assistant which has been formally renamed Rising PC Doctor for overseas markets.

According to the statistics from China's Ministry of Industry and Information Technology, China's mobile phone output decreased by 11.2% year-on-year in the first two months of 2009 and its mobile phone exports decreased by 17.2% during the same period, the largest decline over the past few years.

According to Sohu.com's IT channel, the Chinese search engine giant Baidu.com will formally launch the professional edition of its new Internet search engine advertising program, Phoenix Nest, on April 20, 2009.

Home appliances giant Whirlpool has announced plans to adjust its manufacturing business in China and will close its washing machine plant, cutting 600 jobs.