Chinese B2B e-commerce company Alibaba.com has announced that its new online wholesale website, 1688.com, was formally launched on March 9, 2010, and the wholesale traffic reached a whopping 6.39 million people on the first day.

With a total investment of USD350 million, U.S.-based SemiLEDs Corporation's new LED chip project named Xurui Optoelectronics has recently laid its foundation in Nanhai in Foshan, Guangdong province.

Chinese telecommunications equipment maker ZTE Corporation has announced plans to open a research and development lab in the test and innovation center operated by Vodafone's German subsidiary in Dusseldorf to enhance its R&D and test capacity in Europe.

Hong Kong-based enterprise software and new media firm CDC Corporation announced financial results for the fourth quarter and year ended December 31, 2009, and stated total revenue in the quarter was USD83.0 million, compared to USD76.6 million in the third quarter of 2009.

Chinese IT solutions and services provider Neusoft has signed a medical information software project with the provincial government of Hainan, and the company will invest CNY600 million to build a information industry base in Hainan Ecological Software Park.

The international technology giant IBM has unveiled its new-generation Power processor, Power7, in China, aiming to expand the application fields of its Power processor brand.

Initiated by China Telecom, the operator of the CDMA2000 network in China, China's "CDMA2000 Mobile Phone Design and Development Industry Alliance" has been founded in Beijing with over 100 members, including mobile phone chip platform providers, mobile phone design companies, and brand manufacturers with independent development abilities.

Yamada Denki, one of the largest electronics retailers in Japan, is planning to open a flagship store in China.

Chinese security software provider 360 has announced plans to launch a permanently free-of-charge mobile phone security software product to help users solve increasing problems of spam SMS and nuisance calls.

Singapore (March 05, 2010) /ChinaNewswire.com/ — Traditional Communications Service Providers (CSPs) are actively competing with new entrants to capture and retain customer mindshare. At the core of today's changing communications marketplace, operators are constantly challenged to deliver new services and meet requirements from new business models.
In an aid to further understand the issues and [...]

Chinese software and online games company Kingsoft has announced that its Kingsoft Duba has reached cooperation with Thai online game operator Asiasoft, and the two parties will jointly launch a Thai-language edition of Kingsoft Duba.

Chinese search engine company Baidu.com has recently adjusted the policies of its Baidu Alliance and will stop business cooperation with some members.

Shanda Interactive Entertainment has set up a new subsidiary, Guoke Electronics, to be in charge of the research and development of its new e-book product "Bambook".

Showing that Chinese businesses were slow to hire new employees in 2009, Chinese online recruitment company 51job Inc. just revealed its unaudited financial results for the fourth quarter of 2009 and for the fiscal year ended December 31, 2009, and stated that revenues fell 5% from 2008.

Chinese electronics-oriented B2C website 360buy.com has reached an acquisition agreement with Qianxun.com, a Korean-style apparel and accessories Internet shopping website.