In the middle of flak concerning alleged securities fraud, Chinese financial services software firm Longtop Financial Technologies Limited announced that its chief financial officer, Derek Palaschuk, who was previously CFO at Chinese Internet firms Sohu.com and eLong.com, has resigned.

Seven Chinese search engine service providers have jointly signed a self-discipline compact in Beijing.

Lin Jialai, the vice director of the China Association for Poverty Alleviation and Development, proposed at a donation ceremony that Chinese companies and individuals donate unused computers to schools in the rural areas.

The Second Intermediate People Court of Beijing has accepted a lawsuit filed by Beijing Sogou Information Service Company and Beijing Sogou Technology Development Company, two affiliates of Sogou, against Tencent and Aldsoft over unfair competition.

Seven Chinese government departments held a teleconference in Beijing on January 5, 2009 and announced that they would start a nationwide campaign to fight websites that spread pornography and vulgarity on the Chinese Internet.

Seventeen Chinese Internet companies have passed the credit rating scheme carried out by the Internet company credit rating evaluation center of the Internet Society of China.

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.