News Digest: June 4-7, 2011

The following press releases and media reports about Chinese companies were carried on June 4-7. To view a full article or story, click on the link next to the headline.

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◙ Shanda Interactive (Nasdaq: SNDA) 1st-Quarter Net Down 61%; Expenses Up (English article)

◙ Xueda (NYSE: XUE) Withdraws Secondary Offer, Reaffirms Q2, FY Revenue Outlook (Businesswire)

◙ China Mobile (NYSE: CHL; HKEx: 941) to Procure 10 Mln 3G Terminals (Chinese article)

◙ BofA (NYSE: BAC) May Sell CCB (HKEx: 939) Stake to Avoid Share Sale, Citigroup Says (English article)

◙ eBay’s (Nasdaq: EBAY) PayPal Cuts Overseas Cooperation with Alibaba (HKEx: 1688) (Chinese article)