China News Digest: May 4, 2016

The following press releases and news reports about China companies were carried on May 4. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════

• Tencent (HKEx: 700) Venture Poaches Google Talent as Chinese Techs Pile into Autos (English article)
• SAIC Begins Mass Production for Car Jointly Produced With Alibaba (NYSE: BABA) (Chinese article)
• Uber to Accept Alipay Payments Globally (English article)
• Qihoo (NYSE: QIHU) Search Drops All Consumer Medial Service Advertising (Chinese article)
• Li & Fung (HKEx: 494) Sells Distribution Unit to Citic’s DCH (HKEx: 1828) for $350 Mln (English article)
• Latest calendar for Q1 earnings reports (Earnings calendar)