News Digest: July 7, 2011

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

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◙ Baidu (Nasdaq: BIDU) Explores Japan Wireless Market, Sets Up JV with DoCoMo (Chinese article)

◙ Netease (Nasdaq: NTES) to Spin Off Portal Business for IPO – Source (English article)

◙ Alibaba (HKEx: 1688), Tencent (HKEx: 700) Launch Smartphones This Year (English article)

◙ Ijie.com and Sina (Nasdaq: SINA) to Launch Destination for Weddings in China (Businesswire)

◙ Ctrip (Nasdaq: CTRP) Acquires Rail Ticketing Company 99Pto – Source (English article)