China News Digest: July 29, 2016

The following press releases and news reports about China companies were carried on July 29. To view a full article or story, click on the link next to the headline.
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• Baidu (Nasdaq: BIDU) Announces Q2 2016 Results (PRNewswire)
• China Formally Legalizes Online Car Booking Services (English article)
• Fosun (HKEx: 656) Pays $1.26 Bln for 86 Pct of India’s Gland Pharma (Chinese article)
• New Oriental Announces Xun Cheng’s Listing Application for China’s NEEQ (PRNewswire)
• Baozun (Nasdaq: BZUN) to Establish E-Commerce JV with Korea’s CJ O Shopping (GlobeNewswire)
• Latest calendar for Q2 earnings reports (Earnings calendar)