The international technology giant IBM has unveiled its new-generation Power processor, Power7, in China, aiming to expand the application fields of its Power processor brand.

IBM's lending unit has signed a financing deal with Advanced Micro Devices and its distributor network to begin the flow of cash and credit in Tianjin Binhai New Area.

IBM has announced that it will cooperate with Beijing University of Technology to set up a cloud computing experimental platform, providing high-capacity computing resources and services to schools, enterprises, government, and open source communities in China.

Global IT giant IBM has turned its eyes to China's new energy industry.

Beijing University of Technology is one of almost two dozen global educational institutions that have signed on to a new cloud computing initiative from IBM.

Chinese PC maker Asus has jointly announced with IBM that the two parties have signed a cross-licensing agreement to enhance their cooperation and to end the protracted patent infringement dispute between the two.

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.

Business travelers in China are requiring better digital services, and IBM is working with a hotel in Hangzhou to create a "smart hotel" to provide these types of services to travelers.

The Chongqing government recently held a TD-SCDMA industry investment meeting to build China's first 3G industrial zone and wireless technology park, drawing 18 investment projects from many technology companies, including IBM and Infineon, with total mobile investment intentions of CNY15.63 billion.

IBM Software Group has published its China strategy in 2009 and stated it will build more software parks and industry labs.

International technology security company McAfee has appointed Wen Zhenbang as new managing director for 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 maker Sichuan Changhong Electric has published a report stating that IBM (IBM) China has acquired a 1.56% stake in Sichuan Changhong for CNY108 million.

The global financial crisis has hit Chinese PC maker Lenovo (LNVGY) as it today announced cutting approximately 11% of its total global workforce, and the company expects to report a loss for the fiscal quarter that ended December 31, 2008.

Alisoft, the software subsidiary of the Chinese B2B e-commerce giant Alibaba, has announced that the company will initially invest over CNY100 million to set up a cloud computing center in Nanjing, Jiangsu and to invest more in the next few years to promote the e-commerce applications development of Chinese small and medium-sized enterprises.