Chinese PC maker Lenovo has announced that it has reached an agreement with the Japanese electronics maker NEC and the two parties will jointly establish a PC joint venture, in which Lenovo will own a 51% stake and NEC will own the remaining 49%.

China Mobile Limited announced today that its chief executive officer has been replaced.

The situation has been less than perfect in recent days at Chinese online game company Perfect World (PWRD) as it now fights rumors that its CEO is planning to depart the company.

Chinese online gaming company Shanda (SNDA) says its subsidiary Shanda Literature is enhancing its management team and has unveiled a new arm devoted to literature research in China.

By ChinaTechNews.com Editorial Team The uproar this week over Chinese Internet search engine Baidu.com's (BIDU) pharmaceutical paid search listings and advertisements gives further reason to believe that stock analysts should drop the "yst" from their monikers and Baidu's management should be hung out to dry.

Microsoft (MSFT) has appointed Simon L. K. Leung, former president of Motorola Asia, as Microsoft's senior vice president and chairman and CEO for Microsoft Greater China.

While visiting China for the fifth time, Paul S. Otellini, president and CEO of Intel (INTC), announced that Intel would invest USD170 million to improve its environmental protection and industrial chain innovation capacity in China.

Zou Shenglong, former president and chief executive officer of Xunlei, told local media that Cheng Hao, co-founder of Xunlei and former chief operating officer of the company, has replaced Zou's position as the president of the company, but Zou will continue to be CEO of Xunlei.

GigaMedia (GIGM) has hired Quincy Tang as the company's new chief financial officer, replacing Thomas Hui who has served as interim CFO since his promotion to president and chief operating officer in August 2007.

Chinese mobile value-added services firm KongZhong (KONG) said that its co-founder Yunfan Zhou will resign from his position as CEO, effective October 13, 2008.

Chinese wireless value-added services firm Linktone (LTON) has named Muliawan Guptha, currently a Linktone board member, as the company's new chief strategy officer.

China's CDC Corporation (CHINA) says the current poor market environment is the reason it has decided not to pursue a listing of its subsidiary CDC Software in the United States.

Focus Media (FMCN) has appointed Dr. Tan Zhi, formerly president of Focus Media, as its new chief executive officer.