News Digest: August 23, 2011

The following press releases and media reports about Chinese companies were carried on August 23. To view a full article or story, click on the link next to the headline.

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◙ China Construction Bank (HKEx: 939) Record $14.5 Bln Profit on Credit Demand (English article)

◙ Suntech (NYSE: STP) Reports Q2 Financial Results (PRNewswire)

◙ Groupon’s Gaopeng Lays Off 400 Staff (Chinese article)

◙ China’s Sina (Nasdaq: SINA) invests up to $40 million in Tudou (Nasdaq: TUDO): source (English article)

◙ China’s BYD (HKEx: 1211) profit plunges after auto tax breaks end (English article)