China News Digest: February 19, 2016

The following press releases and media reports about Chinese companies were carried on February 19. To view a full article or story, click on the link next to the headline.
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• Major Banks in Rush to Support Apple Pay (Nasdaq: AAPL) After China Launch (Chinese article)
• Uber Losing $1 Bln a Year to Compete in China (English article)
• Xiaomi to Release Consumer Drone – Reports (English article)
• Average Huawei Smartphone Price in China Rose in 2015 to $213, As Others Fall (Chinese article)
• SMIC (HKEx: 981) Announces Q4 Results (HKEx announcement)
• Latest calendar for Q4 earnings reports (Earnings calendar)