Chinese search engine company Baidu Inc. announced its unaudited financial results for the second quarter ended June 30, 2011, and stated that as its tax rate increased, so did its profit.

Chinese classified information website 58.com has revealed that Zhou Hao, the company's first chief financial officer, has started work.

Nasdaq shares of China Information Technology Inc. plummeted more than 20% last Friday after the company announced the abrupt departure of its chief financial officer.

In the middle of flak concerning alleged securities fraud, Chinese financial services software firm Longtop Financial Technologies Limited announced that its chief financial officer, Derek Palaschuk, who was previously CFO at Chinese Internet firms Sohu.com and eLong.com, has resigned.

Amidst a shuffle of blog posts and news reports in China, rumors are forming that Chinese e-commerce company Dangdang.com is planning an initial public offering on Nasdaq sometime in the next few weeks.

Chinese Internet shopping website Dangdang.com, which focuses on the sale of books, has confirmed that Conor Yang, former chief financial officer of AirMedia Group, has joined the company as chief financial officer, preparing for the initial public offering of Dangdang.com.

Chinese digital media and advertising company Focus Media Holding Limited has announced a couple of key executive appointments.

Chinese wireless value-added services firm Hurray Holding Company Ltd. has promoted Xiaoqing Guo to the job chief financial officer, effective immediately.

Chinese Internet travel website company eLong Inc. has made an abrupt change in its chief financial officer position.

Just days after posting miserable financial results, Chinese online recruitment and classified ads company 51job Inc. has now named two new members of its executive team.

Beleaguered Chinese wireless value-added services firm KongZhong (KONG) has announced that Sam Sun, its chief financial officer, is leaving the company by the end of the week.

AU Optronics Corporation, one of the world's leading Chinese TFT-LCD makers headquartered in Taiwan, has announced the appointment of Andy Yang, current associate vice president of AUO's finance center, as new CFO of the company effective from March 1, 2009.

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.

By Russell Brown China's State Administration of Foreign Exchange has decided to popularize a nationwide online information system for direct investment foreign exchange business with effect from May 2008. The decision complies with the requirements of the State Council which wants to further transform government functions, establish a service-oriented government and promote e-government administration.

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.