It all started with the milk. In May, Chinese fans of popular boy band talent show Youth With You were given the right to vote for contestants by scanning a QR code printed on the bottle cap of a sponsor’s product. The promotion led to frenzied buying among fans, with local media estimating the number of sales to have topped.
China Evergrande Group made an interest payment on a dollar bond ahead of a Saturday deadline, according to a report in the Securities Times, sending the embattled developer’s stock and bonds higher.
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