News Digest: December 1, 2011

The following press releases and media reports about Chinese companies were carried on December 1. To view a full article or story, click on the link next to the headline.

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◙ China Cuts Bank Reserves in Policy Shift To Lift Economy (English article)

◙ Alibaba-Led Group Said to Prepare Yahoo (Nasdaq: YHOO) Bid (English article)

◙ Changyou (Nasdaq: CYOU) to Buy Game Info Portal 17173.com from Sohu (Nasdaq: SOHU) (English article)

◙ Baidu (Nasdaq: BIDU) YouA Spins Off, Receives Eight-Figure USD Funding (English article)

◙ LDK Solar (NYSE: LDK) Announces Plan to Issue RMB3,000,000,000 Notes (PRNewswire)