German software giant SAP is reportedly preparing a listing on the Shanghai Stock Exchange, aiming to gain financial support from the Chinese market.

Nokia Siemens Networks has announced plans to cut 17,000 employees around the world by the end of 2013, including about 4,000 mainland Chinese employees.

Liu Chuanzhi, Lenovo Group's founder and chairman, is moving aside for CEO Yang Yuanqing to assume the dual role of chairman and CEO.

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 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.

Chinese telecom equipment maker Huawei Technologies has published its annual financial report for 2009, stating that its sales worldwide increased by 19% year-on-year to CNY149.1 billion.

According to statistics published during the 2009 China Internet Conference held in Beijing, by the end of September 2009, the number of China's Internet users had reached 360 million.

Chinese Internet media and wireless services company Sina Corporation reports its net revenues and profit both fell as it announced its unaudited financial results for the quarter ended June 30, 2009.

Chinese hi-tech enterprise Founder Technology has published its semi-annual financial report for 2009, which states its net profit decreased by 31% year-on-year to CNY62.78 million.

The global financial crisis and weak Internet travel sector in Asia seem have caused Travelzoo Inc. to sell its Asia Pacific online division.

By ChinaTechNews.com Editorial Team Despite a worldwide financial crisis, China's e-commerce industry is seeing something of a boom, growing over 120% in 2008 and with rapid growth projected over the next 3-5 years. At the moment, the demand for low prices and high quality is overwhelming, and traditional wholesale channels are losing ground to Internet-based [...]

It's a bad time to be investing in the Chinese Internet recruitment sector, as Chinese online job recruitment website company 51job Inc. announced its unaudited financial results for the second quarter of 2009 ended June 30, 2009, and showed a revenue slide for the quarter.

Chinese PC maker Lenovo has published its financial report for its first fiscal quarter ended June 30, 2009, and the company states that affected by the weakened PC demand and the decrease of prices of computers, the company made net loss of USD16.01 million during the period.

China Telecom has signed a strategic cooperative agreement with Fudan University, Shanghai Jiao Tong University, and Tongji University in Shanghai to implement various initiatives including a mass recruitment drive.

Chinese computing giant Lenovo Group says its sales slipped 25.8% from the same period last year as it today reported results for its fourth fiscal quarter and full year ended March 31, 2009.