The heads of four organizations overseen by the US Agency for Global Media (USAGM) fired

The heads of four organizations overseen by the US Agency for Global Media (USAGM) were all dismissed Wednesday night — a move likely to heighten concerns that new Trump-appointed CEO Michael Pack intends to turn the agency into a political arm of the administration. The heads of Middle East Broadcasting, Radio Free Asia, Radio Free Europe/Radio Liberty, and the Open Technology Fund were all ousted, Four of the most Anti-China machines.6-18-20 Watch Trump does a Nixon. https://edition.cnn.com/2020/06/17/media/us-agency-for-global-media-michael-pack/index.html

China Eastern Airlines announced its “fly free weekend”

China Eastern Airlines announced its “fly free weekend” on Thurs, encouraging travel amid the COVID19 pandemic. Passengers can fly China Eastern and Shanghai Airlines for an “unlimited” amount of times to major Chinese cities on any weekend in 2020 with the ticket.The tickets are available on the China Eastern Airlines APP at a special price of 3,322 yuan ($469.61). Each passenger can only purchase a maximum of 10 tickets.

China’s e-commerce giant JD reported sales up 20% y-o-y,

China’s e-commerce giant reported sales of 239.2 billion yuan ($33.8 billion) since its “618” sales kicked off on Jun 1, up 20% y-o-y, despite the impact of COVID19.
JD.com (9618), China’s second-largest e-commerce company, was trading a premium of 6 percent in gray markets last night ahead of its Hong Kong market debut, meaning investors could make a paper gain of around HK$678 per lot.

The Nasdaq-listed company has raised HK$29.77 billion after pricing its secondary listing at HK$226 apiece. The retail portion of the deal was oversubscribed by 178 times, with more than 396,000 investors placing orders. That means retail investors who subscribed 40 board lots of new shares could allot one board lot at average.