Li Yue, president of China Mobile, said that by the end of October 2011, China Mobile has signed wireless city construction agreements with over 160 cities in 26 provinces in China, of which nearly 150 cities in 22 provinces had completed construction of basic wireless city platforms.

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.

Tenpay, the Internet payment subsidiary of Chinese technology firm Tencent, and American Express have reached an agreement to jointly provide Internet payment services to Tenpay's overseas users who purchase goods from American Express vendors.

Chinese social networking site Renren.com has announced plans to acquire the entire stake in 56.com, a Chinese video website, for USD80 million in cash.

Chinese social networking website Renren.com has announced that it will launch an interest-free housing scheme, and employees can apply for loans of between CNY200,000 and CNY400,000.

Chinese B2C e-commerce website 360buy.com has published a notice, stating that its cooperation with Alipay.com, the Internet payment subsidiary of Alibaba Group, expired on August 24, 2011, and the company will now stop the use of payment services at Alipay.com.

Chinese B2B e-commerce group Alibaba has announced plans to launch a CNY3 billion housing loan scheme for its employees and a CNY500 million education fund to solve the preschool and primary education problems of children of its employees.

China Telecom's Beijing branch has published a report, stating that it will open a mobile phone payment function for its eSurfing 3G users.

The People's Bank of China has published a report saying that it has issued licenses for non-financial institutions to operate payment businesses to 27 companies, including Alipay.com.

China Telecom's Shanghai branch and Standard Chartered China have signed a strategic agreement to implement cooperation in financial services and information communications.

Alipay.com, the Internet payment subsidiary of the Chinese e-commerce group Alibaba, has announced that it has launched a new convenient Internet payment service.

Chinese telecom operator China Unicom, which currently is an official reseller of the Apple iPhone, has launched its self-developed smartphone operating system, Wophone, which the company claims to be the first smart terminal operating system with independent intellectual property rights in China.

Munich-headquartered Wirecard AG and the Chinese third-party Internet payment platform Alipay.com have signed a cooperation agreement to provide fast and secure payment services to Internet users.

China's B2B e-commerce group Alibaba and Shanghai Rural Commercial Bank have reached a comprehensive strategic cooperation agreement to jointly provide services to small- and medium-sized enterprises as well as farmers in rural areas in China.

Alipay, the third-party Internet payment subsidiary of Alibaba Group in China, has announced the launch of a new strategy to open its platform to external service providers.