News Digest: May 5-7, 2012 报摘： 2012年5月5-7日

The following press releases and media reports about Chinese companies were carried on May 5-7. To view a full article or story, click on the link next to the headline.

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◙ China Postal Express Plans IPO to Raise $1.6 Billion (English article)

◙ Alibaba Several Weeks From Stake Buyback Deal With Yahoo (Nasdaq: YHOO) – Source (Chinese article)

◙ Telecoms Regulator Targets More Than 450 Mln 3G Users in 12th Five-Year Plan (Chinese article)

◙ UnionPay Preparing B2C E-Payments Drive With “Panbi” Rewards System (Chinese article)

◙ Sohu’s (Nasdaq: SOHU) Sogou Unveils Strategy to Steal Baidu Market Share (English article)

◙ Latest calendar for Q1 earnings reports (Earnings calendar)