News Digest: June 16, 2011

The following press releases and media reports about Chinese companies were carried on June 16. To view a full article or story, click on the link next to the headline.

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◙ China’s Tencent (HKEx: 700) Will Invest $1.5 Billion to Promote Application Developers (English article)

◙ BYD (HKEx: 1211) to Introduce All Electric Buses in Frankfurt (Businesswire)

◙ Wells Fargo (NYSE: WFC), Guodian United Power In Renewable Energy Cooperation (Businesswire)

◙ Baidu (Nasdaq: BIDU) Mobile Browser Android Edition in Beta Testing (Chinese article)

◙ Starwood Hotels (NYSE: HOT) Moves Global HQ to China for 1 Month Managerial Effort (Businesswire)