China News Digest: July 5, 2016

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The following press releases and news reports about China companies were carried on July 5. To view a full article or story, click on the link next to the headline.
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  • CICC (HKEx: 3908), China Investment Securities Said to Be in Merger Talks (English article)
  • Midea (Shenzhen: 000333) Buys Stake in Germany’s Kuka (Frankfurt: KU2) for $1.3 Bln (English article)
  • Fosun (HKEx: 656), Ant Financial in Strategic Partnership (Chinese article)
  • Kingsoft (HKEx: 3888) Makes $125 Mln H1 Provision for Losses at Xunlei, 21Vianet (HKEx announcement)
  • Baidu (Nasdaq: BIDU) Completes Literature Unit Sale to Perfect World, No Price Given (Chinese article)
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