Company’s profit plunges 77% in first half of 2019, as it puts the brakes on an aggressive expansion

Cornerstone Securities, largest broker of Huarong International Financial, dumped 13.7 million shares in afternoon session

Mobike says everything normal amid mass layoff reports; Qualcomm threatens further action against Apple’s ‘illegal’ sales in China

U.S. government told to avoid Huawei and ZTE in 5G network planning; Chinese government updates probe into chipmaker price fixing, Baidu invests in elevator-ad firm

China’s search leader has seen growth in online advertising slow amid greater competition

Strategic partnership with LCD advertising company involves $2.2 billion investment with option to expand stake