While visiting China for the fifth time, Paul S. Otellini, president and CEO of Intel, announced that Intel would invest USD170 million to improve its environmental protection and industrial chain innovation capacity in China.

The Chinese telecom manufacturer ZTE has signed a USD400 million agreement with the Ethiopian Telecommunication Corporation to provide 15 million wireless mobile networks in Ethiopia.

After inspecting Qingchuan and Guangyuan in Sichuan Province for three days, more than 40 companies from Zhejiang Province have decided to donate CNY20.8 million for nine schools, and signed four letters of intent for investment projects totaling CNY400 million.

Jack Ma, chairman of the board of Alibaba Group, announced at the fifth anniversary of the founding Taobao.com that the group will invest another CNY2 billion in Taobao.com.

Chinese e-commerce service provider Alibaba has announced plans to finally form a joint venture with Softbank Japan to fully take over the original Japanese language website of Alibaba.

Semiconductor Manufacturing International Corporation's Beijing factory has stopped its OEM service of Dynamic Random Access Memory and shifted to logic semiconductors that yield higher profits.