Chinese electronics retailer Suning has opened its first Suning Elite luxury store in Shenzhen, targeting medium and high-end consumers in first-tier cities in China.

Chinese electronics retailer Suning has announced plans to open 78 stores in December, including 41 new stores and 37 that will be reopened after renovations.

Zhang Hui, president of Tengchuang Technology, told local media that the company has gained over CNY100 million in investment from Legend Capital, an independent venture capital subsidiary of Legend Holdings Ltd.

VisionChina Media, one of the largest outdoor digital mobile television advertising operator in China, has announced plans to acquire DMG, China's largest subway television advertising operator, for a total consideration of USD160 million.

Jiangsu-based computer retailer Hisap has announced plans to raise up to CNY1.4 billion by issuance of new shares, and the funds will used for the expansion of new chain stores.

Eachnet.com, one of the leading Internet shopping websites in China, has announced in Nanjing, Jiangsu, that the company has formally launched a "Taiwan Hall", providing various products from Taiwan.

Hong Kong Science Park will soon be home to new research into cloud computing technology.

Ericsson has gained a contract from China Telecom to upgrade the operator's backbone network in the Yangtze River Delta area with its 40 Gbps DWDM optical transmission solution.

Alisoft, the software subsidiary of the Chinese B2B e-commerce giant Alibaba Group, has located its largest service center in China in Yuhua Economic Development Zone, Nanjing, Jiangsu province.

The Nanjing branch of China Mobile has reportedly been involved in illegal charges of up to CNY30 million.

Wireless broadband firm ChinaTel Group Inc. says it will deploy a high speed wireless broadband telecommunications network across 29 cities in China by the end of this year.

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

Chinese electronics chain department store Buynow has announced plans to accelerate its deployment plans in 2009 with the company planning to open at least five large IT stores in such cities as Beijing, Shanghai, and Qingdao.

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.

Chinese consumer electronics distributor China 3C Group has signed a definitive agreement to acquire 100% of Jinhua Baofa Logistic Ltd., a logistic company in eastern China, through its subsidiaries Zhejiang Yong Xin Digital Technology Co., Ltd. and Yiwu Yong Xin Communication.