News Digest: August 31, 2011

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The following press releases and media reports about Chinese companies were carried on August 31. To view a full article or story, click on the link next to the headline.

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◙ UnionPay, China Mobile‘s (HKEx: 941) UMPay Aims For Payment License by 2011 (English article)

◙ Sina (Nasdaq: SINA) Buys $66.4 Million Tudou (Nasdaq: TUDO) Stake (English article)

◙ ZTE (HKEx: 763) Records 21.52% Increase in Revenue to RMB37.3 Bln in H1 (Businesswire)

◙ Giant Interactive (NYSE: GA) Announces Date of Sept 12 for Special Cash Dividend (PRNewswire)

◙ Group Buying Sites Evading More Than 500 Mln Yuan in Taxes – Report (Chinese article)

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