News Digest: July 29, 2015

The following press releases and media reports about Chinese companies were carried on July 29. To view a full article or story, click on the link next to the headline.
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  • Chinese ADRs Drop 3rd Day Amid Mainland Rout, Baidu (Nasdaq: BIDU) Plunges (English article)
  • WeChat Italy, ChatSim In Deal to Jointly Promote Instant Messaging in Europe (company announcement)
  • Air China (HKEx: 753) to Raise $1.9 Bln in Share Sale to Buy Planes (English article)
  • Phoenix Satellite (HKEx: 2008) Warns of Substantial Profit Decline in H1 (HKEx announcement)
  • Perfect World (Nasdaq: PWRD) Announces Completion of Merger (PRNewswire)
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