Synchronization of relay nodes is an important and critical issue in exploiting cooperative diversity in wireless networks. In this paper, two asynchronous cooperative diversity schemes are proposed, namely, distributed delay diversity and asynchronous space-time coded cooperative diversity schemes. In terms of the overall diversity-multiplexing (DM) tradeoff of a relay channel, we show that independent coding based distributed delay diversity and asynchronous space-time coded cooperative diversity schemes achieve the same performance as the synchronous space-time coded approach which requires accurate symbol-level timing synchronization to ensure signals arriving at the destination from different relay nodes are perfectly synchronized. This demonstrates diversity order is maintained even at the presence of asynchronism between relay node. Moreover, when all relay nodes succeed in decoding the source information, the asynchronous space-time coded approach is capable of achieving bette...