Chinese anti-virus software provider Rising has announced that its first Internet client product, Rising security browser, has started beta tests.

Nasdaq shares of China Information Technology Inc. plummeted more than 20% last Friday after the company announced the abrupt departure of its chief financial officer.

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.

The chief executive officer and chief operating officer of Chinese e-commerce behemoth Alibaba.com Limited have resigned after the company admitted that about 100 of its own sales people were involved in allowing fraudulent storefronts on its international online marketplace.

By ChinaTechNews.com Editorial Team One of the most common types of user-generated comments left on ChinaTechNews.com comes from angry buyers of electronics sold via the Internet by companies in China.

According to South Metropolitan Daily newspaper, the personal data of more than 1000 employees of IBM Shenzhen has been disclosed and used to apply for credit cards.

Nokia's distributors have submitted a report to China's National Development and Reform Commission, State Administration of Taxation and State Administration for Industry and Commerce which alleges how Nokia has been involved in tax evasion and tax fraud in China.

Netease, one of the major email service providers in China, has launched a credit email alliance and the alliance has been joined by many companies from the finance, third-party payment, e-commerce and online games industries.

According to Guangdong Communications Administration, China's Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Council Information Office are jointly formulating regulations on mobile phone real-name registration system and the regulations are waiting for the approval of the State Council.

Wang Hai, China's famous consumer rights advocate, has submitted to a 3000-word report to both the Zhejiang Provincial Department for Industry and Commerce and the Consumer Rights and Interests Protection Department of China's State Administration for Industry and Commerce, accusing Chinese online auction website Taobao.com of infringing on consumers' rights.

After the Chinese media crucified Internet travel company Ctrip.com (CTRP) last week for allegedly selling fake travel insurance policies online, the company announced over the weekend plans to throw CNY10 million at establishing an integrity service refund system to help alleviate these types of problems in the future.

Just days after Chinese Internet travel website Ctrip.com (CTRP) proudly released its corporate social responsibility report for 2008, and days before the frenetic week-long Chinese Lunar New Year travel season begins, a Chinese consumer has made a big splash in local media with his complaint that Ctrip.com is selling dubious air insurance policies online.