China Dongxiang has published a report, stating that it will invest USD100 million in the Chinese B2B e-commerce group Alibaba via its wholly-owned subsidiary.

The Russian innovation company i-Free has announced in Beijing that it will launch its top mobile phone applications products in the mainland China market.

Chinese mainland telecom equipment maker Huawei has submitted applications to the Taiwan government to set up a new subsidiary in Taiwan.

Hong Kong-listed TCL Communication Technology Holdings Limited has established a subsidiary in Russia, where the company's mobile phone products occupy a 13% market share.

According to Wang Donghui, chief financial officer of Kingsoft, the company plans to enter the European and the North American game markets with two online games in 2011, and the company predicted its revenue from the overseas markets will account for 20% of its total revenue in the next two years.

China's Tencent Holdings Limited announced a USD300 million investment in Digital Sky Technologies Limited, a large Internet company focused on Russian-speaking and Eastern European markets.

Chinese telecom equipment maker Huawei Technologies has published its annual financial report for 2009, stating that its sales worldwide increased by 19% year-on-year to CNY149.1 billion.

Chinese online game developer Giant Interactive Group Inc. has signed an agreement with Russia's Astrum Nival LLC to grant a license to Astrum Nival to operate ZT Online in the Russian Federation and other Russian speaking territories.

Terry Guo, chairman of the Taiwan-based electronics manufacturer Hon Hai Group, has announced that the company will invest NTD30 billion to build an industrial park in Haicang, Xiamen, in 2009, aiming to establish an optoelectronics industry cluster in the city.

Founder Technology has published a notice stating Ma Zheng, past general manager for Lenovo's (LNVGY) digital peripherals, has now hopped to rival Founder Technology and will be the company's vice president responsible for the notebook customer group.

European electronics manufacturing services firm Elcoteq SE has decided to launch an intense global restructuring plan that will see one of its China facilities close.

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.

Chinese PC maker Lenovo (LNVGY) plans to cut 200 jobs in its Beijing headquarters, of which about 5% are senior managers and directors.

While the world economy is heading to the toilet and Chinese manufacturers are preparing to feel the pinch because their overseas buyers will have no cash, Alibaba.com is hoping a new round of international advertising will maintain its growth with helping connect Chinese suppliers with foreign customers.

YouTube.com, a video website owned by Google, has formally launched its Simplified Chinese interface, marking the key step for Google's indirect entry into China's video sector.