Chinese third-party Internet payment platform Alipay.com has inked a cooperation deal with the international credit card organization MasterCard, to officially launch payment services with MasterCard in Hong Kong, Macau, and Taiwan.

The Jinzhou City, Liaoning-based, supplier of automotive electric parts, suspension products, and engine components Wonder Auto Technology, has won a contract from a major German automotive company through one of its subsidiaries: Jinzhou Wanyou Mechanical Parts Company.

The Tennessee-based global paper and packaging company, International Paper, has signed a definitive agreement to purchase SCA's packaging business in Asia for USD200 million in cash, subject to post-closing adjustments.

Chinese online media Caing.com has reported that Shi Wanzhong, the general manager of human resources at China Mobile, China's largest mobile carrier, is currently under investigation for accepting bribes from Siemens.

Germany-based Harman International and Neusoft Corporation, which is based in Shenyang, China, have agreed to enter into a partnership for the development of advanced technologies in automotive and consumer electronics.

Diosmectite — the active pharmaceutical ingredient in the branded generic drug Biqi, which is manufactured by Nanjing China-based Simcere Pharmaceutical Group — has passed EU-GMP inspection, enabling Simcere to market diosmectite in the European Union.

Chinese electronics and home appliances maker Qingdao Haier has published its annual financial report for 2009, stating that its operating revenue increased by 8.46% year-on-year to CNY33 billion; while its net profit increased by 49.64% to CNY1.149 billion.

For Russians looking to do more business in Greater China, Hong Kong Airlines will launch a new international direct route to Moscow on June 30, 2010.

Heilongjiang-based China Linen Textile Industry Limited has announced that its subsidiary, Heilongjiang Lanxi Sunrise Linen Textile Industry Company has signed a renewed multi-year distribution agreement with a leading, Italy-based seller and distributor of linen, PETA D.O.O.R.F. DIAMAS S.R.L.

The National Labor Committee from the United States has released a report in which it reportedly calls Dongguan Kunying Computer Goods Company Ltd, a Chinese supplier for Microsoft, a bad place to work.