Chinese online real estate company SouFun Holdings Limited announced it is buying a building in New York City, ostensibly for training its staff.

Industrial and Commercial Bank of China and Ping An Insurance (Group) have signed an e-commerce strategic cooperation agreement to implement business cooperation in related areas.

More than ten people, all of whom were reported to be former employees of Philips, gathered outside Philips' Beijing office last week to demand that the company pay full social insurance contributions.

Wipro Technologies has just opened its global delivery center in Chengdu to provide business process outsourcing services to its customers in China and around the world.

The municipal government of Shenzhen and the Chinese business-to-business e-commerce company Alibaba Group have signed a strategic agreement for the establishment of an e-commerce platform.

American International Assurance has reached a cooperative agreement with Alipay, the Internet payment subsidiary of the Chinese B2B e-commerce group Alibaba, and the two will jointly develop an e-commerce insurance sales channel for online shopping customers.

Chinese budget hotel chain 7 Days Inn — not to be confused with a similarly named American chain whose old moniker was Days Inn — has announced the trial operation of a social networking site "Happy 7 Days" at its official website.

The travel agency branch of Wuhan Tourism Association has issued a notice jointly with People's Insurance Company of China and Ping An Insurance Company of China for travel agencies in Wuhan to adopt a unified online insurance system.

Chinese software and online game provider Kingsoft and the People's Insurance Company of China have jointly announced plans to launch a computer insurance edition of Kingsoft Duba to provide better security to PC users.

Chinese financial services software provider Longtop Financial Technologies Limited has entered into a definitive agreement to acquire the business and assets of Sysnet Info-tech Corporation, for an undisclosed sum.

According to local media, the Chinese consumer surnamed Liang who previously accused Chinese Internet travel website Ctrip.com of supplying an invalid insurance policy, has failed to reach an agreement with Ctrip.com and will now file a lawsuit against four Ctrip affiliates.

Chinese online travel and hotel booker, Ctrip.com, has made a public announcement in which it apologizes to a consumer surnamed Liang for selling him fake insurance policies and agrees to pay him CNY4,000 in compensation.

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.

Beijing Data Center of Centrin, one of the largest and the most advanced professional data center in China, has been unveiled and put into operation in Beijing's Yizhuang Economic-Technological Development Zone.