China News Digest: April 20, 2016

The following press releases and news reports about China companies were carried on April 20. To view a full article or story, click on the link next to the headline.
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• Ant Financial Completes Funding Round at $60 Bln Valuation (Chinese article)
• China Sovereign Fund to Seek Control of $8 Bln Yum (NYSE: YUM) China Unit (English article)
• Asos Closes China Business Under Weight of Alibaba (NYSE: BABA) Competition (English article)
• ZTE’s (HKEx: 763) Nubia Smartphone Brand Says to IPO Within 3 Years (Chinese article)
• New Oriental Announces Fiscal Q3 Results (PRNewswire)
• Latest calendar for Q1 earnings reports (Earnings calendar)