NCR Corporation has been awarded a five-year technology service agreement from People's Bank of China Shanghai Automatic Clearing Centre to provide on-site technical support and maintenance services for its intra-city clearing systems.

Nokia has closed its largest store in mainland China, a flagship retail outlet in Shanghai's busy shopping zone on Nanjing East Road.

Amazon.cn announced that it has cooperated with FamilyMart retail convenience stores in the launch of a pick-up service in Shanghai.

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

Chinese third-party Internet payment service provider Alipay.com has published its report showing that the mobile payment service developed rapidly in China in 2012 with 546% year-on-year growth by trading value; and the number of people who used this service increased by 223%.

Kyocera's division in Shanghai has launched a service that provides cloud-based security services to companies and organizations in China.

Chinese real estate portal Soufun.com has officially established a headquarters in Shanghai to support its operation in 15 cities in East China.

German software giant SAP is reportedly preparing a listing on the Shanghai Stock Exchange, aiming to gain financial support from the Chinese market.