After an upgrade, Apple changed the terms of use of its App Store in China and has started accepting Yuan-denominated settlement in the country.

Rumors on the Internet revealed that the Chinese B2B e-commerce group Alibaba has set up a commercial bank subsidiary, which has gained the approvals of the People's Bank of China and China Banking Regulatory Commission.

Alipay.com, the Chinese third-party Internet payment platform and a subsidiary of the B2B e-commerce group Alibaba, has launched a joint security and risk control program with major Chinese banks.

Chinese Internet company Tencent and China Merchants Bank have signed a strategic cooperating agreement to realize overall cooperation for the construction of a financial service platform.

Microsoft China and China Financial Certification Authority have jointly announced that several Chinese banks, including China Construction Bank; Industrial and Commercial Bank of China; China Merchants Bank; and Shanghai Pudong Development Bank have achieved the seamless compatibility of their online banking systems with the Windows 7 operating system.

Alipay, the Internet payment subsidiary of the Chinese e-commerce group Alibaba, has announced that it will lift the limit on large credit card payments.

Netease, one of the major email service providers in China, has launched a credit email alliance and the alliance has been joined by many companies from the finance, third-party payment, e-commerce and online games industries.

Offshore software development company VanceInfo Technologies Inc. will deploy an outsourced development center for China Merchants Bank.

Lenovo (LNVGY) and China Merchants Bank have jointly launched a ThinkPad credit card in Beijing.

Global entertainment software developer and publisher Blizzard Entertainment, Chinese online game operator The9 (NCTY) and China Merchants Bank have announced plans to cooperate on marketing a World Of Warcraft themed credit card to attract more players and consumers by taking advantage of each of their brand influences.

China Merchants Bank and Chinese travel website Mangocity.com have formally launched a joint credit card.