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.

In China all media is social, so Chinese Internet social media and social networking website Renren.com's initial public offering planned in a few hours should be smooth sailing. However, the departure of a company director over the weekend and recent inconsistencies in its statistics have caused concern for investors.

Chinese social networking site Renren.com filed plans to sell up to nearly USD675 million worth of shares in an initial public offering in the United States this year.

Chinese financial services software firm Longtop Financial Technologies Limited announced its unaudited financial results for the quarter ended June 30, 2010, which is the first quarter of its fiscal year ending March 31, 2011.

Chinese financial services software firm Longtop Financial Technologies Limited announced its unaudited financial results for the quarter ended September 30, 2009, which is the second quarter of its fiscal year ending March 31, 2010, and showed increases in both revenue and profit.

Chinese financial services software company Longtop Financial Technologies Limited announced its unaudited financial results for the quarter ended June 30, 2009.

Chinese financial services software provider Longtop Financial Technologies Limited has reported its unaudited financial results for the fiscal fourth quarter and fiscal year ended March 31, 2009.