Perfect World Company Limited, an online game developer and operator in China, has formed a new joint venture with Nexon Korea Corporation, a global online entertainment company and publisher of micro-transaction-based massively multiplayer online games, to manage and operate online games in South Korea.

According to a CB Richard Ellis Group Inc. survey, Hong Kong's Central Business District continued to rank globally in second place as the most expensive and also recorded the fastest year-over-year occupancy cost rise with a 34.2% increase.

Chinese telecom equipment maker Huawei Technologies has announced that the company has set up a long-term development lab in Tokyo, Japan.

Chinese software provider Kingsoft has launched the Japanese edition of its translation software Ciba in Tokyo.

Information from the Tokyo headquarters of the Japanese electronics company Hitachi unveils that the company will appoint Nobuyuki Ohno as executive director and chairman of the board of directors of Hitachi China, effective from April 1, 2009.

Established by Dalian Municipal Government, Dalian Software Park Japan has been opened in Tokyo, marking the birth of China's first overseas software park.

U.S.-based technology security firm Arbor Networks is opening a regional development center in Beijing to develop Chinese-specific application protocol classifications for Chinese peer-to-peer and file sharing services such as PPLive, Xunlei and QQ.

Chinese search engine Baidu.com (BIDU) has appointed Toshikazu Inoue as president of the company's Japanese subsidiary.

Cui Jianping, founder and CEO of Asia Media Company Limited, the first Chinese company listed on the Tokyo Stock Exchange Market in Japan, has resigned, after taking the blame for embezzling the company's funds.