Amid a thunderous drop in Chinese companies' market capitalization in recent weeks, Tudou.com has filed an amendment to its filing for an initial public offering in the United States to raise money for its online video operations in China.

Nasdaq shares of China Information Technology Inc. plummeted more than 20% last Friday after the company announced the abrupt departure of its chief financial officer.

In the middle of flak concerning alleged securities fraud, Chinese financial services software firm Longtop Financial Technologies Limited announced that its chief financial officer, Derek Palaschuk, who was previously CFO at Chinese Internet firms Sohu.com and eLong.com, has resigned.

The U.S. Securities and Exchange Commission charged IBM with funneling gifts, cash, and entertainment to government officials in South Korea and China.

According to a 8-K form submitted by Sohu.com to the U.S. Securities and Exchange Commission, the Chinese business-to-business e-commerce company Alibaba.com will invest USD15 million to acquire a 10% stake in Sogou.com, a subsidiary of Sohu.com.

According to a representative from Motorola China, Motorola has submitted related files for its business partition to the U.S. Securities and Exchange Commission and Motorola China is now actively preparing for its business partition in accordance with Motorola's worldwide deployment.

UTStarcom has entered into an agreement with United States government agencies, agreeing to pay a combined USD3 million in penalties and fines for bribes in China.

The bad news has not stopped for Chinese online gaming firm The9 Limited, as the company has now filed a Form 12b-25 with the United States Securities and Exchange Commission regarding the late filing of its annual report on Form 20-F for the year ended December 31, 2008.

Chinese online entertainment and game developer Shanda Interactive Entertainment Limited says it plans to have its online business go public in the United States.

Chinese Internet travel service provider Ctrip.com (CTRP) is betting on more offline revenue growth as it is raising its stake in China's economy hotel chain Home Inns & Hotels (HMIN) to 8.72% from the previous 7.55%.