Chinese Internet company Tencent Holdings Limited has announced that it will invest USD26.95 million to acquire 49% of the issued shares of Level Up.

Brazil is reportedly considering restricting the import of Chinese-made mobile phone to protect its own local market.

Chinese electronics group Haier has signed an agreement with the government of Guyana to provide laptops for the "One Laptop Per Family" initiative of the country.

Chinese home appliances and electronics maker Midea plans to invest USD223.3 million to acquire a 51% stake in the Latin American air-conditioning business of Carrier, an American home appliances provider.

Chinese telecom equipment maker ZTE has announced that it has reached an agreement with Brazilian local enterprises to produce tablet computers in the country.

U.S.-based CommScope Inc. has filed technology patent infringement lawsuits in China and begun legal proceedings in Brazil against Comba Telecom Systems Holdings Ltd. and its affiliates.

Taiwan Foxconn Technology Group has decided to build a new plant in Jundiai, an inland city in Sao Paulo, Brazil, for the assembly of Apple's iPad and iPhone products.

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

Vincent Tong, spokesperson of the Taiwan-based original equipment manufacturer Foxconn, has confirmed to the media that to ease the pressure brought by labor cost increases, the company will relocate its major production lines from Shenzhen to Langfang in Hebei.

Rock Hsu, chairman of Taiwan's Kinpo Group, has announced that the group's Compal Electronics will set up a new notebook computer manufacturing base in Chongqing by 2011.

Chinese B2B e-commerce group Alibaba has reached cooperation with Ludatrade, a Brazilian company that specializes in e-commerce solutions, marking Alibaba's formal entry into the Brazilian market.

Terry Guo, chairman of the Taiwan-based electronics manufacturer Hon Hai Group, has announced that the company will invest NTD30 billion to build an industrial park in Haicang, Xiamen, in 2009, aiming to establish an optoelectronics industry cluster in the city.

European electronics manufacturing services firm Elcoteq SE has decided to launch an intense global restructuring plan that will see one of its China facilities close.

Information from Lenovo (LNVGY) confirms that the company will temporarily give up the acquisition of Brazil's largest PC maker Positivo, but the two sides will discuss the possibility to cooperate by setting up a strategic alliance.

According to reports from Brazilian media, the leading Chinese PC manufacturer Lenovo (LNVGY) is thinking about acquiring Brazil's largest PC maker Positivo.