Shanghai-based e-commerce company Lenian.cn has gained a CNY20 million infusion from an investment management company in Hangzhou, China.

Chinese B2C e-commerce website 360buy.com has reportedly invested in Beijing Haoyaoshi Pharmacy Chain Company, a subsidiary of Jointown Pharmaceutical Group Company Ltd.

China's State Food and Drug Administration has published a bulletin in which it exposes 30 websites that have been allegedly selling fake medicines.

Hong Kong-based enterprise software and new media firm CDC Corporation announced financial results for the fourth quarter and year ended December 31, 2009, and stated total revenue in the quarter was USD83.0 million, compared to USD76.6 million in the third quarter of 2009.

Chinese IT solutions and services provider Neusoft has signed a medical information software project with the provincial government of Hainan, and the company will invest CNY600 million to build a information industry base in Hainan Ecological Software Park.

Deng Haihua, spokesperson for China's Ministry of Health, revealed at the 4th China Health Communication Conference held in Beijing that the ministry is optimizing its press spokesperson system and will soon create the new position of "Internet spokesperson".

China's State Food and Drug Administration has exposed five websites that were found selling medicines without proper approval.

China's State Administration of Traditional Chinese Medicine has published its second list of fake TCM websites for this year, and a total of 32 traditional Chinese medicine service providers have been exposed.

China's Ministry of Health has issued a circular which asks shock treatment for Internet addiction be suspended as its safety has not been proved.

According to Sohu.com's IT channel, the Chinese search engine giant Baidu.com will formally launch the professional edition of its new Internet search engine advertising program, Phoenix Nest, on April 20, 2009.

GE Healthcare has been working hard in China to find technology solutions that can be used around the world, and now the company is planning to market a China-developed medical device to health practitioners in the United States.

Signaling that advertisers might shun Internet advertising in an economic downturn, and just weeks after it was hammered by investors for selling illegal medical advertisements, Chinese Internet search engine Baidu.com (BIDU) has rightfully adjusted its revenue expectation for the fourth quarter of 2008 to between CNY890 million and CNY900 million, decreasing CNY100 million compared with [...]

China's State Food and Drug Administration has listed 23 websites that have been found to be posting false drug information or selling fake drugs.

Chinese digital media and advertising company Focus Media (FMCN) will sell its subsidiary Sports Media to its competitor Goodmedia.

By ChinaTechNews.com Editorial Team The uproar this week over Chinese Internet search engine Baidu.com's (BIDU) pharmaceutical paid search listings and advertisements gives further reason to believe that stock analysts should drop the "yst" from their monikers and Baidu's management should be hung out to dry.