EDM 1 – Issue 597

Yesterday’s man: Tomorrow tycoon Xiao Jianhua is jailed for 13 years

Also: Tencent’s sales are slowing amid trillion-dollar retreat; CATL picks Hungary for new battery plant; and why a heatwave is stretching Sichuan’s energy supply to breaking point

Plus: United Imaging hunts for a bigger share of the medical scan market after Shanghai IPO; how 300,000 tonnes of copper went missing from a port in Hebei; and luxury brand Hermes shocks Chinese shoppers with Birkin-and-bicycle sales strategy