Arrascaeta restored his team's two-goal advantage with a diving header in heavy rain but Jose Pimentel responded with his side's second goal just before halftime.
PP Sports released a statement on Thursday night, claiming the termination was just a "strategic adjustment".
In the 65th minute, Dalian's Ke Zhao added a goal of his own and sealed the 4-0 victory.
With Ajax, Van de Beek won the Eredivisie and the KNVB Cup in 2019 and made it to the semifinals of that year's UEFA Champions League. The midfielder has also been capped 10 times for the Dutch national team. Enditem
"My full efforts are totally focused on leading the Badminton World Federation and fulfilling my role as IOC member. I would like to thank the badminton and sporting community for their ongoing support and I look forward to leading the BWF as we plan for our safe return to international badminton," he said.
"I tried to leave last year, but they blocked everything at the last second. It was a project I was excited for but it didn't materialize."
The 54-year-old Dane announced he has been receiving medical treatment for the condition after being diagnosed some years ago and, with the assistance of doctors, has continued to carry out his duties as BWF president "without limitation," said the world governing body.
Earlier, sixth seed Petra Kvitova of the Czech Republic edged past Ukraine's Kateryna Kozlova 7-6 (3), 6-2, and eighth seed Petra Martic of Croatia beat fellow Ukrainian Kateryna Bondarenko 6-3, 6-4 to also advance into third round. Enditem
"TCL is honored to enter into this new cooperation with FIBA for the next four years," Wei Yuki, vice president of TCL said. "Working together again with FIBA, TCL will continue to accelerate their international presence and contribute to the development and progress of global basketball." Enditem
The competition in Lausanne's Place de l'Europe played host to a fascinating duel between Duplantis and two-time world champion Sam Kendricks from the United States, whose best jump was 6.02 meters.
The new, expanded agreement assures TCL key commercial rights across all FIBA competitions including the Men's and Women's Olympic Qualifying Tournaments, FIBA Continental Cups for both Men and Women, FIBA Youth World Cups, the FIBA Women's Basketball World Cup 2022 and FIBA Basketball World Cup in 2023.