News Digest: April 27, 2011

The following press releases and media reports about Chinese companies were carried on April 27. To view a full article or story, click on the link next to the headline.

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◙ YUM! (NYSE: YUM) Proposes to Acquire China’s Little Sheep Restaurants (HKEx: 968) (Businesswire)

◙ China Unicom (NYSE: CHU; HKEx: 762) 1st-Quarter Net Dives On Handset Subsidies (English article)

◙ Court Awards Tencent (HKEx: 700) 400,000 Yuan in Qihoo (NYSE: QHOO) Lawsuit (Chinese article)

◙ Dianping Obtains $100 Mln in VC Funding (English article)

◙ LDK Solar (NYSE: LDK) Provides Updated Outlook for First Quarter 2011 (PRNewswire)