China News Digest: June 2, 2016

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The following press releases and news reports about China companies were carried on June 2. To view a full article or story, click on the link next to the headline.
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  • Japan’s SoftBank Plans to Sell $7.9 Bln in Alibaba (NYSE: BABA) Stock to Cut Debt (English article)
  • Microsoft (Nasdaq: MSFT) Sells Patents to Xiaomi, Builds ‘Long-Term Partnership’ (English article)
  • Google (Nasdaq: GOOG) Seeking Up To $221 Mln by Selling Lenovo (HKEx: 992) Stock (English article)
  • Jaunt, SMG and CMC Launch Virtual Reality Venture Jaunt China (Businesswire)
  • Michael Kors Acquires Greater China Licensee for $500 Mln (Businesswire)
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