EDM 1 – Issue 503

Departing duo: two high-profile CEOs step down from two of China’s biggest companies

Plus: Tencent takes the hit in chilli sauce sting; trust firm lenders caught out by giant gold scam; and floods heap more misery on Hubei and other parts of China

Also: electric car brand Byton in battle for survival; Chinese cities hanker for e-commerce profits as ‘livestreaming capital’; and how Covid-19 is stalling Belt and Road projects