Sichuan-based electronics manufacturer Changhong has announced plans to invest CNY150 million to establish an Internet content platform named Lejiao Web.

Chinese electronics maker Sichuan Changhong Electric has published a report stating that IBM (IBM) China has acquired a 1.56% stake in Sichuan Changhong for CNY108 million.

According to information from the Chinese online home appliances store All3c.com, three Chinese TV makers of Skyworth, TCL, and Changhong have signed direct supply agreements with the website to sell their products through All3c.com's Internet channel.

According local media reports, Huang Guangyu, chairman of Gome Electric Appliance Group, is currently under investigation by Beijing police for stock market manipulation.

Sichuan Changhong has released its financial report for the first half of 2008, which says because of the May 12 earthquake in Sichuan Province, the company's net profit decreased by 90.61% compared with the same period of 2007.

Beijing Consumers' Association and Beijing Electronic and Electrical Appliance Association have started an initiative called "Our Consumption and Responsibility 2008".

LG Group says it has donated CNY17 million to Sichuan earthquake area through the Red Cross Society of China, of which CNY7 million is intended to be given to Sichuan Changhong, a main business partner of LG.

The construction of China's first OLED production line, which involves a total investment of CNY705 million, has begun in Chengdu.

A Chinese consumer has brought Chinese television manufacturer Changhong to court, accusing the company of cheating consumers by offering an LCD screen that is smaller than advertised.