Following the recent change of its chief executive officer, Chinese e-commerce group Alibaba has now announced new executive appointments.

Chinese e-commerce and online payment behemoth Alibaba Group has signed a memorandum of understanding with MasterCard.

Tmall.com, the B2C Internet shopping subsidiary of Alibaba Group, announced that it will cooperate with Danone and Nestle to launch direct sales and delivery of milk powder under six brands of the two groups, allowing Chinese consumers to enjoy the safe importation of milk powder products.

Nestle China and Beijing HJsoft reached an agreement for the development of a marketing network map system, aiming to improve Nestle's competitiveness by simplifying its reporting data and optimizing its sales site deployment with this system.

Chinese Internet video website Letv.com announced that it is working with Foxconn in the establishment of a joint venture for the production of super TVs and set-top boxes, which are expected to be formally launched in the third quarter of 2013.

Taiwanese PC maker Acer said that its notebook shipments are expected to decrease by 10% to 15% for the first quarter of 2013, due to seasonal factors.

Taiwanese OEM Foxconn may produce the first smartphone product for Vizio, an American LCD HDTV provider, in 2013.

South Korea's Samsung has announced plans to invest USD1.7 billion to expand the production capacity of its plant in Kunshan, Jiangsu province.

Jack Ma, chairman of the board of directors of Alibaba Group, sent an internal company mail, stating that starting from May 10, 2013, he will no longer serve as chief executive officer of Alibaba Group and will fully focus on the work as chairman of the group.

Chinese electronics and home appliances retailer Gome's e-commerce website and the maternal and baby products website Qinqinbaby.com have signed a strategic cooperation agreement to jointly operate a maternal and baby products channel.

Chinese B2C e-commerce website 360buy.com announced that it has formed a strategic cooperation partnership with Nokia, and the two parties signed a CNY2 billion procurement agreement for 2013.

Flextronics, a Singapore-headquartered electronics manufacturing services provider, will acquire Motorola Mobility's plant in Tianjin.

Chinese B2C e-commerce website 360buy.com and the Beijing branch of Bank of China are jointly launching a supply chain financial service platform.

Chinese consumer electronics maker TCL and Feixi county in Hefei signed a cooperation framework agreement under which TCL will build a white goods base in the city.

Chinese Internet retailer Vancl.com has launched a new site with the independent domain Vancl.vn in Vietnam to further expand into the overseas market.