China News Digest: August 19, 2016

The following press releases and news reports about China companies were carried on August 19. To view a full article or story, click on the link next to the headline.
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• Momo (Nasdaq: MOMO) Announces Withdrawal of Privatization Offer (GlobeNewswire)
• Lei Jun Resigns as YY (Nasdaq: YY) Chairman to Focus on Xiaomi Revival (Chinese article)
• NetEase (Nasdaq: NTES) Reports Q2 Unaudited Financial Results (PRNewswire)
• Huawei to Manufacture Smartphones in India, Eyes 10 Pct Market Share (Chinese article)
• Air Conditioner Maker Gree (Shenzhen: 000651) Makes $2 Bln Bet on Electric Cars (English article)
• Latest calendar for Q2 earnings reports (Earnings calendar)