EDM 1 – Issue 378

Phoenix cities: how migrant flows are shaping China’s next generation of property prices – Dongguan and Xiamen are big winners

Plus: Unicom gets Tencent as key shareholder; Xiaomi turns to toilets in ‘Made in China’ push; Reignwood stays resolute on its claims to Red Bull in China

Also: Baidu sells food unit to Alibaba-backed rival; Moutai makes waves with hometown largesse; and online tutor VIPKID emerges as latest Chinese unicorn