U.S.-listed company incubator, Intermost Corporation, is in the process of acquiring APT Paper Product Company, an environmental paper products companies in China.

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

Commit, a Chinese TD-SCDMA chip manufacturer which may face bankruptcy because of a loss of capital, has announced plans to stop business operations and pay off the defaulted salaries and travel expenses to its employees.

Nokia has signed an agreement for China P&T Appliances' China Postel Mobile Communication Equipment Company to purchase mobile devices valued at approximately US$2 billion from Nokia in 2008.