Struggling Chinese television shopping and direct sales company Acorn International (ATV) has entered into a binding term sheet to acquire Yiyang Yukang Communication Equipment Company Limited, a Chinese communications equipment producer and distributor in China.

According to the latest report on China's TV direct sales, in 2007 the scale of China's TV direct sales market reached CNY7 billion, a year-on-year increase of 55.6%.

Chinese consumer products direct marketing and television shopping company Acorn (ATV) says it is in negotiations to acquire Yiyang Yukang Communication Equipment Company, a domestic communication equipment and electronic component producer and distributor.

Sichuan Changhong has released its financial report for the first half of 2008, which says because of the May 12 earthquake in Sichuan Province, the company's net profit decreased by 90.61% compared with the same period of 2007.

Chinese TV shopping company Acorn International (ATV) says quarterly net revenues were USD47.2 million, a decrease of 25.4% compared to USD63.3 million in the second quarter of 2007, as it announced its second quarter financial results for the three months ended June 30, 2008.

China Mobile's (CHL) Sichuan branch has completed the mobile communications coverage in 21 cities, 451 towns and 4389 villages that were affected by the May 12 Wenchuan earthquake along with the 492 temporal residences and China Mobile will invest about CNY5.6 billion for post-disaster reconstruction.

China Unicom (CHU) has announced a timetable and the cost involved for the recovery of its communications services after the May 12 Sichuan earthquake.

Xu Luode, president of China UnionPay, says that China UnionPay will actively fulfill its mission and undertake its corporate social responsibilities by taking effective measures to help people in the earthquake area rebuild their homes.

According to China's Ministry of Information Industry, the May 12 earthquake has caused a direct economic loss of up to CNY3 billion to China's communications industry with 3833 telecommunications bureaus and 25735 mobile base stations affected, 24496 kilometers of communications lines damaged and 117112 communications poles broken.

Zhang Zhengkui, special consultant to Terry Kuo, president of Taiwan based Foxconn, has donated CNY60 million to Sichuan earthquake victims on behalf of Terry Kuo, Foxconn Group and the company's employees. This is the largest sum of donation that Sichuan has received from a Taiwanese company.

Chinese Internet travel company Ctrip.com (CTRP) has published a list of the areas of its business affected by the earthquake in Sichuan.

China Mobile's (CHL) Sichuan branch has begun to open sites in areas with dense populations in Sichuan Province so that people affected by the earthquake can keep in touch with their families and friends around the nation.

Many international IT companies have been affected by the earthquake that hit Wenchuan, Sichuan Province on May 12.

After the 7.8 magnitude earthquake in Wenchuan County, Sichuan Province, China's online auction website eBay Eachnet announced plans to donate CNY200,000 to the disaster areas.

Following a 7.8 Richter scale earthquake that hit Wenchuan County, Sichuan Province in southwest China on May 12, a number of Chinese technology companies, including Tencent and Rising, have each lent their own support to the disaster relief by making donations.