The U.S.-based mobile chip maker Qualcomm Inc. will invest nearly USD1 billion to build a new display panel plant in Taiwan in 2011.

Chinese online game developer and operator Linekong has announced that it has acquired the Chengdu-based 3D game studio named Wushuang, and will start the beta test of a new online game, Unparalleled Devil, on January 14, 2011.

Chinese search engine company Baidu Inc. has announced in an internal email that it has promoted Wang Mengqiu and Zhu Guang as its vice presidents.

Mads Faurholt-Jorgensen, vice president of Groupon, has reportedly revealed the company's intention to enter the Chinese market.

PC maker Dell has announced plans to build a new China operating center in Changsha, capital of Hunan province.

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A representative in charge of the planning of China Mobile's online application store Mobile Market has revealed that the company's location-based service module is currently finishing its test phase, and will be launched next month.

China UnionPay and American Express announced that they have signed a memorandum of understanding that calls for both companies to explore the expansion of their current cooperative activities.

U.S.-based RealD Inc. and Wanda Cinema, China's largest movie theater circuit, announced plans to install RealD 3D technology on up to 500 screens across the Wanda circuit.

News emanating from the First World Witkey Conference held in Chongqing late last year, is that the trading volume of Chinese Witkey websites was over CNY300 million in the last year.

Chinese social networking site Renren.com has published its five annual strategic products, covering information, entertainment, and location services, and what it plans for 2011.