Chinese technology group Lenovo announced the formal completion of the Lenovo (Western) Industrial Base in Chengdu.

In meetings concluded last week in the central Chinese city of Chengdu, the United States and China agreed on a number of initiatives that may provide more fairness and transparency to foreign businesses operating in China.

Chinese Internet company Tencent has recently started a marketing campaign for its search engine product in Shanghai and this business promotion will be launched in nine cities in China, including Beijing, Shanghai, Guangzhou, Shenzhen, and Chengdu.

Amazon has announced that its brand name Joyo Amazon has been formally changed to Amazon China and it will launch a shorter domain name Z.cn for its Chinese website to fully embrace its global identity.

Beijing technology entrepreneurs and software firms should shut their doors and turn off the lights, as Microsoft China might be aiming at hiring away some top young talent.

Taiwan's Hon Hai Precision Industry has published its operating results for June 2011, stating that its operating revenue during the month reached NTD228.4 billion, which was about USD7.93 billion, a new height over the past six months.

Philips (China) Investment Company Ltd. and Chengdu Hi-tech Industrial Development Zone have signed a strategic memorandum of understanding to open Philips' second regional headquarters in China, targeting the middle and western markets.

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.

The international PC maker Dell, who is on its way of transferring to a services and solutions provider, has announced plans to build two new data centers in China within one year.

Hon Hai Precision Industry has published seven investment plans for the Chinese mainland market, covering Kunshan, Qinhuangdao, Shenzhen, and Tianjin, and the total investment amount will reach USD260 million, according to reports in Taiwanese local media.

Dell plans to open a second major China operations center next year in Chengdu with manufacturing, sales and services to support rapid growth in business occurring in western China.

Chinese digital media firm Focus Media Holding Limited has entered into a definitive share purchase agreement to sell to Silver Lake a 62% indirect equity ownership of its Internet subsidiary, Allyes Online Media Holdings Ltd and its consolidated subsidiaries and affiliates, for USD124 million.

Israel's Infinity Group has established a CNY200 million technology venture fund with the city of Chengdu in Sichuan.

The B2B2C joint venture established by the Chinese search engine company Baidu and the Japanese e-commerce operator Rakuten has announced that it has formally adopted the Chinese name "Le Ku Tian" as the brand name of its online service platform Rakuten.com.cn, which is currently opened to e-commerce vendors for registration.

China's Ministry of Industry and Information Technology has stated on its website that during the first quarter of 2010, China's software industry maintained stable development, with significant increase of revenue from the service sector.