News Digest: November 25, 2011

The following press releases and media reports about Chinese companies were carried on November 25. To view a full article or story, click on the link next to the headline.

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◙ Group Buying Site 24quan Closes, Thousands of Users Refused Service (Chinese article)

◙ Alibaba (HKEx: 1688) Third-Quarter Profit 410 Million Yuan; In Line With Estimates (English article)

◙ Group Buying Site Meituan Issues Options to Employees – Source (English article)

◙ China Workers Strike at Lingerie, IBM (NYSE: IBM) Parts Factories Demanding More Pay (English article)

◙ China Telecom (HKEx: 728) Gets China Rights for iPhone 4S – Source (Chinese article)