China Xinhua News Network Corporation, the Chinese state-owned television network owned by the Xinhua News Agency, announced that the restructuring and listing of the video assets of the Xinhua News Agency has been completed in Hong Kong, providing international capital market platform support to the development of the overseas television business of Xinhua News Agency.

Chinese technology giant Lenovo Group held a launch ceremony in Beijing to announce a new cloud computing strategy, a new smartphone, a tablet computer, a new personal computer, and TV products.

Chinese mainland PC maker Lenovo Group and Taiwanese laptop OEM Compal have signed an agreement to set up a joint venture for computer manufacturing in Hefei, capital of Anhui province.

South Korean conglomerate company LG will reportedly close the mobile phone research and development department in LG Electronics China R&D Center in Beijing and cut half of the staff in the department.

Taiwanese computer company Compal has announced that it acquired Toshiba's LCD TV assembly plant in Mexico and the asset transition is expected to be completed in the third quarter of 2011.

Chinese Internet video company Letv.com has announced that it will invest about CNY6.3 million to set up wholly-owned subsidiaries in Hong Kong and Taiwan to expand the overseas market and improve its visibility.

Chinese online video and television services company Ku6 Media Company Ltd. today announced its unaudited financial results for the first quarter of fiscal year 2011, and said that sequential quarterly revenue slightly dropped.

Chinese electronics and home appliances retailer Gome has signed a five-year strategic cooperation agreement with the Japanese home appliances brand Sanyo and the two parties will implement in-depth cooperation in various areas, including information sharing, product development, marketing, sales management, and after-sales services.

Due to a sub-standard insulation function, Shanghai Suoguang Visual Products Company Ltd, Sony's joint venture in China, has recently submitted a report to the General Administration of Quality Supervision, Inspection and Quarantine of China to recall 7,038 Sony-branded LCD TVs made between December 2010 and March 2011 in Shanghai.

Chinese home appliances and electronics group TCL has signed a framework agreement with Urumqi Economic & Technological Development Zone, to build a TCL industrial park project in Xinjiang.

Ericsson's roadshow for its integrated TV solutions has been officially started in Shanghai and this activity will cover 12 cities in China, showcasing the company's latest technologies and solutions for integrated TV.

Foxconn Technology Group has announced that in 2010, the company's export value from its Shenzhen processing and trade enterprise reached USD48 billion, a year-on-year increase of 50%.

TVMall, China's first online store based on the IPTV platform, has been launched.

Chinese electronics and home appliances retailer Gome and Japanese LCD screen maker Sharp have signed a strategic agreement in which Gome eyes sales of CNY6 billion Sharp LCD TVs from July 1 to the end of 2010.

Alibaba Groups' online auction and e-commerce subsidiary Taobao.com is launching a new website focused on the sale of digital products in China.