The Chinese provincial government of the tropical island of Hainan and Microsoft China signed a strategic memorandum of cooperation for Microsoft to build its first Chinese Microsoft Innovation Center in Hainan's international information industrial zone.

Chinese e-commerce group Alibaba has launched the overseas version of its group buying website Juhuasuan.com for Hong Kong and Taiwan markets, representing an important step into Hong Kong, Macau, and Taiwan.

Linux-focused firm Canonical is working with the Chinese government to promote and develop a version of the company's Ubuntu operating system.

Chinese search engine company Baidu Inc. reportedly intends to acquire the lifestyle information provider Aibang.com.

According to an internal email reportedly sent by Bu Guangqi, chief executive officer of Tencent's e-commerce subsidiary 51buy.com, the company will implement a structural adjustment, aiming at sales of CNY15 billion to CNY20 billion in 2013.

Media Markt China announced on its official website that the company will be closing its seven electronics retail stores in the country on March 11, 2013.

Chinese B2C e-commerce website Vancl.com announced that it will acquire the apparel e-commerce brand Crucco with an undisclosed amount of cash and equity.

EMC announced its new 5-year development plan for its China business, covering channel expansion, cloud projects, and big data business.

China's Tsinghua Tongfang announced that with a support rate of nearly 98%, the company's acquisition of Eren Eben, a Chinese tablet PC maker, has been approved by its board of directors.

CSDN.net, which goes by a few English names including China Software Developer Network, has completed its latest financing project.

Chinese coupon provider Velo and group buying website Didatuan.com announced via internal emails that the two companies have completed a formal integration.

Internet security software provider Qihoo 360 has formally acquired Rizhibao, a SaaS-based online web log analysis platform in China.

Ireland's Saongroup.com reached an agreement before the Chinese New Year began with America's Monster for the acquisition of its Chinese Internet recruitment subsidiary ChinaHR.com.

China's leading telecom equipment maker ZTE is closing its research and development business in India while reducing its service businesses in the country, aiming to optimize its costs as the equipment sales declined.

Chinese Internet search engine company Baidu Inc. disappointed investors as it posted its fourth quarter and fiscal year 2012 financial results.