News Digest: June 16, 2015

The following press releases and media reports about Chinese companies were carried on June 16. To view a full article or story, click on the link next to the headline.
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• Didi Kuaidi Seeks $1.5 Bln in Funding to Fend Off Uber – Source (Chinese article)
• Alibaba (NYSE: BABA) Plans to Roll Out Paid Video Service (Chinese article)
• Lawson Plans To Triple China Convenience Store Count to 1,000 in 2-3 Years (Chinese article)
• iDreamSky (Nasdaq: DSKY) Receives Proposal to Acquire the Company (GlobeNewswire)
• Cisco (Nasdaq: CSCO) Plans to Lay Offs Several High-Level China Executives (Chinese article)