In the midst of a clampdown in China on domain name registrations, Chinese business-to-business online company Alibaba.com has completed its share purchase agreement of a local website domain name registrar.

Li Yizhong, head of the Ministry of Industry and Information Technology, has disclosed to local media that China will continue to launch many favorable tax policies to support the development of small and medium sized technology enterprises.

According to the latest statistics provided by China's Ministry of Industry and Information Technology, China's software export reached USD4.93 billion in the first four months of 2009, a year-on-year increase of 48.2%.

According to the statistics from China's Ministry of Industry and Information Technology, China's mobile phone output decreased by 11.2% year-on-year in the first two months of 2009 and its mobile phone exports decreased by 17.2% during the same period, the largest decline over the past few years.

According to a circular from the general office of the State Council, China will establish a ministry-level joint meeting on the management and supervision of loan guarantee services.

According to the latest statistics from China's Ministry of Industry and Information Technology, the accumulated revenue of China's software businesses reached CNY697.73 billion in the first 11 months of 2008, a year-on-year increase of 30.8%.

After five-months of negotiation, HP has signed a memorandum of understanding with China's Chongqing Municipality to build a computer manufacturing plant — the company's second computer plant in China following the plant in Shanghai.