Chinese software provider UFIDA Software Company Limited has published a report stating that its net profit for 2011 is expected to increase by between 40% and 80% year-on-year.

Chinese B2C e-commerce website 360buy.com has announced that Wang Yaqing, former global vice president for Oracle, has joined the company to become its first chief technology officer.

EMC Corporation announced the appointment of Cai Hanhui as its new global vice president and president for China, reporting to Denis Yip, EMC's global senior vice president and president for Greater China.

Chinese technology giant Lenovo Group held a launch ceremony in Beijing to announce a new cloud computing strategy, a new smartphone, a tablet computer, a new personal computer, and TV products.

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 telecom equipment maker Huawei Technologies Company Limited has announced that the company will acquire a 49% stake in Huawei Symantec Technologies Company Limited, a joint venture established by Huawei and Symantec, for USD530 million.

Chinese telecom equipment maker Huawei announced that following its entry into the cloud computing market in 2010, the company has decided to establish its information technology product line, mainly providing customized cloud computing solutions.

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.

China Unicom has completed its first cloud computing procurement project, and four manufacturers won the bidding for various aspects of the project.

Chinese server provider Sugon has announced its cloud computing strategy and displayed several cloud computing products, including a cloud basic system named Cloudbase; a cloud computing operating system named Cloudview; a cloud storage system named ParaStor; and a cloud security management center named Cloudfirm.

Chinese software provider Kingsoft has launched its WPS 2012 office software and a mobile edition WPS for the Android system.

Chinese telecom equipment maker Huawei and Deutsche Telekom have signed a strategic cooperation memorandum of understanding to jointly expand services within the enterprise business market.

Taiwan's Fair Trade Commission has approved Acer's acquisition of iGware, a U.S. cloud computing technology company, and said the acquisition only has slight influence on the Taiwanese cloud computing software service market.

Chinese telecom operator China Telecom has announced its eSurfing cloud computing strategy, brand, and solution, and it plans to launch eSurfing cloud devices and cloud storage products in 2012.

Microsoft China has signed a cooperation agreement with China Standard Software Company Ltd, a Chinese Linux operating system provider, for the two parties to jointly develop, promote, and sell cloud computing solutions.