News Digest: January 29, 2016

The following press releases and media reports about Chinese companies were carried on January 29. To view a full article or story, click on the link next to the headline.
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• Alibaba Group (NYSE: BABA) Announces December Quarter Results (Businesswire)
• Baidu (Nasdaq: BIDU) to Spin Off and IPO Music, Literature, iQiyi, Other Units – Reports (English article)
• JD.com (Nasdaq: JD) Tests Drones to Speed Rural Area Deliveries (Chinese article)
• Western Digital (NYSE: WDC) Clock Reset Shows Hurdles for Tsinghua Unigroup Sale (English article)
• Carrefour (Paris: CA) to Expand China E-Commerce Drive with App Roll Out (Chinese article)