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Chinese business process outsourcing firm iSoftStone Holdings Limited has closed a round of undisclosed amount of financing from a collection of private equity and venture firms.

Japan's Toshiba and Jiangsu-based Nantong Fujitsu Microelectronics have signed a memorandum of understanding to set up a system LSI chip assembly and testing joint venture in Wuxi.

According to reports in Taiwanese local media, Hon Hai Precision Industry's board of directors has decided to enhance investment in e-books and 3C retail channel construction in mainland China.

Chinese electronics retailer Suning has published a report which states that it will issue no more than 200 million new non-public shares at the price of at least CNY15 per share to finance CNY2.8 billion for eight new projects.

Semiconductor company Hynix has announced plans to build a semiconductor back-end joint venture in Wuxi with Wuxi Industrial Development Group.

According to the information from the headquarters of the Jiangsu-based Five Star Appliance, which was acquired by the American electronics giant Best Buy, the company has signed an agreement with Apple to become its first-tier distributor.

According to a Chinese TD-SCDMA equipment provider, China Mobile will launch its third round 3G wireless network equipment tender on March 16, 2009.

Local Chinese media this week proclaimed that the logo for China Unicom's 3G business has been revealed in a promotional animation published on the website of its local branch in Wuxi.

Chinese telecommunications equipment maker Huawei has delivered the CDMA networks in 30 major Chinese cities, including Guangzhou, Shenzhen, Xi'an, Suzhou, Ningbo, Tianjin and Urumqi, to China Telecom.

China's State Council has announced that it approves China's Ministry of Industry and Information Technology to start the issuing of 3G licenses and it will continue to support the development and promotion of the Chinese-made TD-SCDMA wireless technology.

China Unicom (CHU) has started the deployment of its WCDMA trial networks and it plans to set up the networks first in seven Chinese cities, including Shanghai, Shenzhen, Foshan, Liuzhou, Zhengzhou, Baoding and Wuxi.

China Telecom (CHA) has reportedly selected Huawei as its partner to build China's first 40 gigabyte wavelength division multiplexing transmission network between Shanghai and Wuxi.

iSoftStone announced the opening of its second major campus located in Wuxi Taihu New Town Science & Education Industrial Park.