News Digest: July 10, 2015

The following press releases and media reports about Chinese companies were carried on July 10. To view a full article or story, click on the link next to the headline.
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• Alibaba (NYSE: BABA) Says Entertainment Unit Executive Taken Into Custody (English article)
• Dangdang (NYSE: DANG) Receives Preliminary “Going Private” Proposal (PRNewswire)
• Citic in the Lead to Buy Russell Investments: Sources (English article)
• Online Classified Ad Site Baixing.com Gets Baidu (Nasdaq: BIDU) Investment (Chinese article)
• LVMH Opens High-End Make-Up Store on Alibaba’s (NYSE: BABA) Tmall (Chinese article)