Chinese software provider UFIDA Software Company Limited has published a report stating that its net profit for 2011 is expected to increase by between 40% and 80% year-on-year.

Chinese Internet company Tencent Holdings Limited has announced that it will invest USD26.95 million to acquire 49% of the issued shares of Level Up.

Aiming to improve business efficiency and reduce costs, the Finnish communications corporation Nokia will relocate its Asia Pacific headquarters from Singapore to Beijing.

Chinese telecom operator China Mobile plans to invest USD1.5 billion in CMPak, its wholly-owned subsidiary in Pakistan, over the next four years.

Internet domain name registry service provider Afilias Limited is working with Alibaba.com's HiChina to help Chinese brands take advantage of ICANN's new TLD program.

Chinese Internet community website Tianya.cn has announced that it completed a buy-back of a stake previous held by Google, which invested in Tianya.cn in 2007, and the company now plans to start expanding into the overseas markets by opening offices in Singapore and the U.S. in the first half of 2011.

An insider from the Chinese Internet company Tencent has confirmed to the local media that the American collective buying website Groupon will establish a joint venture with Tencent to enter the Chinese market, and the CEO of the new company will be assigned by Tencent.

  Lobster and Crab Nights at Ca Marco     Available nightly at 6:00 p.m.- 10:00 p.m. from 1 January 2011 Chef Steven Koo launches his Asian inspired lobster and crab dishes including Singapore chili crab, stir fried garlic lobster, the chef's special Laksa flavored lobster and steaming bowl of lobster hand pulled noodles. As [...]

U.S.-based Equinix Inc. announced plans to spend USD63 million to build its second international business exchange data center, HK2, in Hong Kong.

Italy-based Translated unveiled an index showing that Chinese netizens rank among the highest in the world in their cumulative online purchasing power.

Chinese telecom operator China Unicom has announced the official opening of its new subsidiary in Singapore.

Sales of Apple's tablet computer product iPad with the Wi-Fi function will start sales in the Chinese mainland market from September 17, 2010.

Hong Kong's Office of the Telecommunications Authority reports that a study released by the Asia Pacific Carriers' Coalition shows Hong Kong provides the most economical local broadband access services in the Asia Pacific region.

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.

Shanda Literature, the online literature subsidiary of China's Shanda Interactive Entertainment, has reportedly registered and established a subsidiary in Singapore, aiming to expand into the English-language digital and mobile e-book reading market.