2019 McLaren 720S Spider Arrives with Folding Hard Top

McLaren has introduced the 2019 720S Spider, a drop-top version of the 720S. It promises to deliver the wind-in-your-hair experience convertible enthusiasts seek while achieving the same level of dynamism as the coupe model introduced in 2017. How? Carbon fiber, and lots of it. Chopping off a car’s top normally reduces rigidity. McLaren largely solved…

Alibaba Group takes majority control of loss-making movie unit Alibaba Pictures with $160M share purchase – TechCrunch

Alibaba Group announced today that it will increase its stake in Alibaba Pictures from 49% to 50.92%, making it the loss-making movie production company’s controlling shareholder. Under the agreement, Alibaba Pictures will issue one billion new shares, priced at HKD $1.25 each share for a total of HKD $1.25 billion (about $160 million), to Alibaba…