News Digest: July 29, 2015

The following press releases and media reports about Chinese companies were carried on July 29. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════

• Chinese ADRs Drop 3rd Day Amid Mainland Rout, Baidu (Nasdaq: BIDU) Plunges (English article)
• WeChat Italy, ChatSim In Deal to Jointly Promote Instant Messaging in Europe (company announcement)
• Air China (HKEx: 753) to Raise $1.9 Bln in Share Sale to Buy Planes (English article)
• Phoenix Satellite (HKEx: 2008) Warns of Substantial Profit Decline in H1 (HKEx announcement)
• Perfect World (Nasdaq: PWRD) Announces Completion of Merger (PRNewswire)