Konka Group, China's first Sino-foreign joint consumer electronics enterprise, has published its financial report for the third quarter of 2009.

According to the statistics from China's Ministry of Industry and Information Technology, China's mobile phone output decreased by 11.2% year-on-year in the first two months of 2009 and its mobile phone exports decreased by 17.2% during the same period, the largest decline over the past few years.

According to Liu Xiaodong, senior vice president of the owner of Zol.com.cn CBSI Group, Zol.com.cn will first invest CNY20 million in the development of its e-commerce platform and the Chinese media website will invest a total amount of CNY100 million in this platform over the next three years.

Zhang Jindong, chairman of Chinese electronics retailer Suning, says that the company plans to open four to five retail stores in Hong Kong in the second half of 2009, which is one year earlier than its previous plan.

Chinese electronics retailer Suning has published its annual financial report for 2008, which states its net profits increased by 48.09% year-on-year.

Chinese electronics retailer Suning has announced plans to issue CNY50 million worth of consumer cards in Beijing in a one-week period starting from March 2, 2009.

U.S.-based Best Buy has confirmed that it will appoint Yang Deming, president and COO for Best Buy Asia, as president of its newly acquired Jiangsu Five Star Appliance in China.

After U.S.-based National Labor Committee published a report critical of technology companies' operations in China, the Electronic Industry Citizenship Coalition says it will now conduct an investigation.

Chinese electronics retailer Suning has announced that it has signed an exclusive cooperative agreement with the world's leading home appliances maker Electrolux.

China Techfaith has announced the launch of nine new mobile phones designed specifically for China's 3G network.

Chinese electronics retailer Five Star Appliance, a majority owned subsidiary of U.S.-based Best Buy, has restructured its scope of operations by switching to a wholly foreign-owned company business license.

According to Gao Jiqun, general manager for Gome Guangzhou, to ensure stable development and profits, Gome Guangzhou will focus on closing poorly managed electronics stores in 2009.

Gunilla Nordstrom, Electrolux's newly appointed China president, has announced that the company plans to close its refrigerator plant in Changsha, Hunan province, in March 2009.

Attempting to both jumpstart the consumer economy and provide rural Chinese with access to cheaper goods, China's Ministry of Commerce has started a subsidy scheme for farmers buying designated brands of home appliances.

Taiwanese computer, communication and consumer electronics retailer Tsann Kuen has announced plans to return to the Chinese mainland market in 2009.