On Thursday, KDDI Corp, Japan's No. 2 phone operator, informed that a sum of nearly $132 million will be spent by it in order to buy a majority stake in DMX Technologies; for widening its fixed-line network services in China.

Wednesday saw a senior Boeing executive informing that Boeing Co, the renowned aircraft maker, is expecting orders from Chinese airlines to account for nearly 40% of its forecast of 8,960 commercial jet orders from Asia over the next 20 years.

Kai-fu Lee, Google Inc.'s departed head of China operations, announced on Sunday that he would run his own business that would invest in Chinese technology start-ups. Kai-fu Lee confirmed his plan to launch the business on his twitter page, saying he would establish a firm with more than $117.1 million of funds.

The Google China executive Lee Kai-Fu, the prominent head of the company's operations, is going to quit his post to start a new venture.

Two current executives viz. Yeo Boon-Lock and John Liu will share Lee Kai-Fu's responsibilities.

Leading Chinese Internet portal Sina Corp. said that its second quarter profit plunged 41 per cent.

Sina Corp.'s revenue dipped 1 per cent to settle at $90.3 million from $91.3 million previous year, beating projections of $85 to $89 million.

According UBS analyst, Maynard Um, the Friday-announced deal between Apple and China Unicom will likely bring about the addition of nearly one million iPhones to Apple's sales during its fiscal 2010, after China Unicom starts selling iPhones in the 2009 fourth quarter.

China's Health Ministry is starting the government's first nationwide organ donation program to discourage the practice of harvesting organs from executed prisoners, as reported.

With Dell Inc. having struck a deal with China Mobile Ltd, there are speculations galore that the personal computer giant is readying itself for a foray into the smartphone market!

According to a recent statement by the state-sanctioned China Iron & Steel Association (CISA), China has signed a deal with a smaller Australian miner - Fortescue Metals Group - which will sell it iron ore for 94 US cents per dry metric ton. The price is below the 97 US cents negotiated for this year's supplies with Japanese and Korean mills.

China Merchants Bank Co, sixth largest bank in China announced on Friday that it would lift 15-18 billion Yuan (equivalent to 2.20-2.63 billion dollars) through a rights issue to improve its capital adequacy ratio.

The lender will issue as many as 3.8 billion new shares. But it will offer only two shares for every 10 shares held by the current A and H shareholders.