Chinese B2C e-commerce website 360buy.com has announced that Wang Yaqing, former global vice president for Oracle, has joined the company to become its first chief technology officer.

Chinese group buying website Meituan.com announced that Gan Jiawei, former vice president of Alibaba.com, will join the company as its new chief operating officer.

South Korean conglomerate company LG will reportedly close the mobile phone research and development department in LG Electronics China R&D Center in Beijing and cut half of the staff in the department.

Swedish networking equipment maker Telefon AB L.M. Ericsson has announced that to meet the increasing demands for telecom management services in China and the world, the company will set up a new global network operating center in China.

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.

SAP has announced plans to hire hundreds of new employees in China and India over the next few quarters to accelerate its expansion in Asia.

Chinese home appliances and electronics retailer Suning has announced that after six months of preparation and construction, its after-sales technical training center has been formally put into operation, making it the first after-sales technical training platform in the Chinese home appliances retail industry.

Zhang Zhiqiang, president for Nokia Siemens Networks Greater China, has revealed to the Chinese local media that during the second quarter of 2011, the company's sales in China reached EUR402 million, a year-on-year increase of 13%.

Philips (China) Investment Company Ltd. and Chengdu Hi-tech Industrial Development Zone have signed a strategic memorandum of understanding to open Philips' second regional headquarters in China, targeting the middle and western markets.

Chinese classified information website 58.com has revealed that Zhou Hao, the company's first chief financial officer, has started work.

Earlier this month, Chinese online video website Ku6.com announced it was downsizing staff by up to 20%. But now local media reports state those layoffs are not legal.

Chinese Internet video website Ku6.com has announced that to simplify operations, control costs, and improve efficiency, the company has decided to restructure its sales department.

Chinese online recruitment company 51job Inc. announced its unaudited financial results for the first quarter of 2011 ended March 31, 2011.

The world's leading technology company HP has announced that Gao Ruibin, president for HP China and general manager for enterprise business group, has departed the company.

Taiwan-based PC maker Acer has appointed Jim Wong, former president for Acer's IT products group, as its new corporate president.