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Massive funding, Apple backing helped Didi outrun Uber in China

BY Reuters |

Apple Inc's $1 billion investment in car-hailing app Didi Chuxing in May helped accelerate Uber's decision to agree a halt to a costly two-year battle with its rival in China, people close to the companies and analysts said.
Skadden, Latham on LeEco’s $2 bln acquisition of Vizio

BY Ashima Ohri, Reuters |

Skadden, Arps, Slate, Meagher & Flom has advised China's Le Holdings, also known as LeEco, on its agreement to buy U.S. consumer electronics company Vizio for $2 billion. The seller is represented by Latham & Watkins.
Chinese miners call for anti-dumping probe into iron ore imports

BY Reuters |

Chinese iron ore miners have called for an anti-dumping investigation into imports of the steelmaking raw material from top suppliers Australia and Brazil.
China's Fosun nears Brazil fund purchase, source says

BY Reuters |

Fosun International Ltd is in advanced talks to buy Brazilian fund manager Rio Bravo Investimentos Ltda, a source familiar with the matter said, in what would be the Chinese firm's first investment in Brazil.
An arranged marriage in China's steel industry troubled from the start

BY Reuters |

It may be the Chinese government's idea of creative destruction.
Tencent in deal with China's leading music streaming firm to combine music services

BY Reuters |

Chinese internet giant Tencent Holdings Ltd will take a majority stake in a new venture with leading music-streaming company China Music Corporation that combines their digital music businesses.
China says two overseas corruption suspects return home

BY Reuters |

Two Chinese men who fled abroad after being suspected of corruption have returned home to face charges, China's anti-graft watchdog said, the latest suspects caught up in a sweeping campaign by the leadership to tackle graft.
China property investment growth slows, recovery seen at an end

BY Reuters |

Growth of investment in China's real estate sector slowed in first half of 2016, raising expectations that more stimulus may be injected over the rest of the year to boost sales - especially in smaller cities experiencing a persistent glut.
U.S., China clash over market economy status at WTO

BY Reuters |

The United States warned China that it had not done enough to qualify for market economy status, especially in steel and aluminium, sowing the seeds for a trade battle between Washington and Beijing at the end of 2016.
Davis Polk, Lee and Li, Wachtell on $340 mln sale of SinoPac Bancorp

BY Ashima Ohri, Reuters |

Davis Polk & Wardwell and Lee and Li Attorneys-at-Law are advising Taiwan’s Bank SinoPac on the sale of its U.S. subsidiary, SinoPac Bancorp, for $340 million