HONG KONG (AP) — Chinese e-commerce company Alibaba said Tuesday that it would spin off its logistics arm, Cainiao Smart Logistics Network, in an initial public offering in Hong Kong, making it the first business unit to go public following a major restructuring. Alibaba said in a filing that it had submitted a spin-off proposal to the Hong Kong Stock Exchange, and that it has received confirmation to proceed. Alibaba will continue to be a majority shareholder in Cainiao, holding over 50% of the
Charlie Axel Woods advanced to the Notah Begay III National Championship after a stellar second round on SundayPiroschka Van De Wouw/ReutersWelcome to this week’s edition of Royalist, The Daily Beast’s newsletter for all things royal and Royal Family. Subscribe here to get it in your inbox every Sunday.Harry must give ‘suitable warning’ for royal accommodationWhere can Prince Harry call home in the U.K.
Some residents of a small village in Ontario's cottage country are speaking out against a proposed development that would see farmland turned into a golf course resort and housing.The Kawartha Bay project in Cameron, Ont., located approximately 150 kilometres northeast of Toronto in the City of Kawartha Lakes, is being proposed by Markham-based Flato Developments.
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