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InTheNews – May 7, 2015

    Chinese shoppers spent more on Iphones (and other Apple gadgets) in Q2 2015 than the entire world did on recorded music last year
●     Tencent will stop WeChat overseas commercial promotions through hard advertisments
    Alibaba has set up a an auto business division aiming at simplifying car ownership
    President Xi Jinping now has his own app, featuring his latest speeches, statements, publications, and more
    Wanda officialy owns 20% of Athletico Madrid football club. In parallel, a crowdfunding campaign to buy AC Milan by raising half a billion euros has been launched by a Chinese company

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