News Digest: June 28, 2012 报摘： 2012年6月28日

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The following press releases and media reports about Chinese companies were carried on June 28. To view a full article or story, click on the link next to the headline.

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◙ BYD (HKEx: 1211) Cuts Employee Salaries 14 Percent in Troubled Times (Chinese article)

◙ Regulator Encourages Private Investments in 8 Key Telecoms Areas (Chinese article)

◙ Sina (Nasdaq: SINA) to Close Luxury Goods Channel at End June After Less Than 1 Yr (Chinese article)

◙ FTuan Merges with Groupon (Nasdaq: GRPN), Tencent (HKEx: 700) JV Gaopeng (English article)

◙ China’s Bright Dairy Recalls Hundreds of Cartons of Tainted Milk (English article)

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