News Digest: June 3, 2011

The following press releases and media reports about Chinese companies were carried on June 3. To view a full article or story, click on the link next to the headline.

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◙ Longtop Financial (NYSE: LFT) Announces Board Acceptance of CFO Resignation (PRNewswire)

◙ Pfizer (NYSE: PFE), Hisun (Shanghai: 600627) in MOU to Up Low-Cost Medicine Access (Businesswire)

◙ Starbucks (Nasdaq: SBUX) Takes Full Ownership of Stores in Central, South & West China (Businesswire)

◙ Yingli Green Energy (NYSE: YGE) Unit Receives RMB 1.16 Billion 5-Year Bank Loan (PRNewswire)

◙ Alibaba CEO Ma ‘Optimistic’ to Reach Deal With Yahoo (Nasdaq: YHOO), Softbank (English article)