Amazon opens store on Rival Alibaba's Tmall

This week Amazon opened its own digital storefront on rival Alibaba's Tmall ( ), an online marketplace for consumers in China, which hosts merchant's storefronts and lets Alibaba take a cut of sales.

The marriage between Amazon and Alibaba is, to put it mildly, an odd one. Alibaba is China's largest e-commerce company. And after going public in the US last year -- in an historic IPO that saw it raise $25 billion -- it has set its sights on e-commerce in the US, where companies like Amazon and eBay dominate. Meanwhile, Amazon has been trying for years to be a major presence in the Chinese market, where it's been able to capture only a small share.

While the mobile games business in China is booming, and looks set to continue as more people gets access to smartphones, Zynga reportedly has closed down its Beijing office. The office opened in the May of 2010, following the purchase of a local company known as XPD Media. Do note that the closure has yet to be officially announced by Zynga, only “leaked” by some employees.

Zynga China did had some successes, launching “Draw Something” on Sina Weibo, working with Tencent to launch CityVille, and more. Tencent has it's own HappyFarm. The overseas offices were all unstable once the main headquarters in North America began serious restructuring, including the closure of the Japan office back in 2013.

'Alibaba Invest Meizu

China's Alibaba Group Holding Ltd is taking a $590 million stake in an obscure domestic smartphone maker as the e-commerce giant tests ways to expand its mobile operating system in a shrinking, cut-throat handset market.

Extending a previously muted push into hardware, Alibaba said on Monday it will buy an unspecified minority stake in smartphone maker Meizu Technology Co. Dwarfed by rivals like Xiaomi Inc, privately owned Meizu's slice of China's smartphone market is estimated by analysts at below 2 percent.

Qualcomm Inc in China 2008

Qualcomm Inc in China 2008

Qualcomm Inc is likely to pay China a record fine of around $1 billion, ending a 14-month government investigation into anti-competitive practices, after the U.S. chipmaker and the regulator made significant progress during talks last week.

The deal, which may also see Qualcomm lower its royalty rates by around a third on patents used in China, could be announced as soon as Monday, a source said.