China Zheshang Bank Plans $1 Billion IPO in Hong Kong 

China Zheshang Bank Co. is planning to raise around $1 billion from a Hong Kong initial public offering as early as the fourth quarter, people familiar with the matter said, despite the threat to the bank's earnings from weakening economic conditions. (published 0513 GMT)

 
 
Alibaba Health Full-Year Loss HK$101.5 Million 

Alibaba Health Information Technology Ltd. said its full-year loss widened from a year earlier, due to higher expenses. (published 0507 GMT)

 
 
China's Xiaomi Sells 34.7 Million Smartphones in First Half 

Chinese smartphone maker Xiaomi Corp. showed signs of slowing growth Thursday, as it announced smartphone sales of 34.7 million units in the first half of the year, less than half its full-year target. (published 0457 GMT)

 
 
China Huarong Adds CICC to Advise on Hong Kong IPO 

China Huarong Asset Management Co., one of the country's largest buyers of bad loans, has hired an additional bank to advise on an initial public offering of up to $3 billion, people familiar with the deal said. (published 0434 GMT)

 
 
Proxy Advisory Firm Recommends Shareholders Reject Samsung Merger -- Update 

Proxy-advisory firm Glass Lewis & Co. recommended that Samsung C&T Corp. shareholders reject a proposed merger with the Samsung conglomerate's de facto holding company, Cheil Industries Inc., complicating an attempt by Samsung's controlling family to restructure its empire. (published 0400 GMT)

 
 
CAR Inc. to Invest in a Chinese Chauffeured Car Operator 

CAR Inc. agreed to invest in a Chinese chauffeured car operator for $125 million, as it seeks to tap the nation's growing demand for chauffeured car services. (published 0229 GMT)

 
 
Dawnrays Pharmaceutical Expects 1H Profit to Rise by Around 50% From Year Earlier 

Dawnrays Pharmaceutical Ltd. said Thursday its first-half profit is expected to rise by around 50% from a year earlier. (published 0453 GMT)

 
 
Facebook to Share Ad Revenue With Video Creators 

Facebook Inc. users watch videos four billion times a day across the social network. Now, Facebook is getting serious about making money from that vast audience. (published 0238 GMT)

 
 
Trans-Asia Unit Expects Palawan Oil Drilling to Start in August 

Otto Energy Investments Ltd. has engaged the services of a drillship and expects to start drilling in an offshore prospect in Palawan, listed Trans-Asia Petroleum Corp. said Thursday, quoting a notice from one if its wholly-owned subsidiaries. (published 0310 GMT)

 
 
First Pacific Names Christopher Young as CFO 

First Pacific Co. has appointed Christopher Young as chief financial officer, with immediate effect. (published 0450 GMT)

 
 
New Zealand's Restaurant Brands Upbeat as Sales Improve 

WELLINGTON, New Zealand---Restaurant Brands New Zealand Ltd., a fact food chain operator, is upbeat on the current financial year as sales trends have improved into the second quarter. (published 0227 GMT)

 
 
Ascott Residence Trust Buys Hotel in New York for US$163.5 Million 

Ascott Residence Trust Thursday said it is buying a hotel property in New York for US$163.5 million. (published 0143 GMT)