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Concurrent with the announcement of the business separation plan, the company also today announced the appointment of Dan Schulman to be President of PayPal, effective immediately, and CEO-designee of the standalone PayPal company following separation.

Colwell made his comments last week in Toronto at the Canada China Business Excellence Awards event hosted by the Canada China Business Council where Nova Scotia was given the Outstanding Achievement award for increasing business and deepening ties with China.

Commenting on the recent debate on whether AI will one day replace human intelligence, Li said the threat is overblown.

Companies such as Qingdao Haier – that have a primary listing on the Shanghai Stock Exchange – filing for a listing on the CEINEX D-Share Market have to fulfill certain criteria to be accepted to the market, according to the bourse.

Concerns about trade friction had pulled down A shares recently and triggered capital outflows via stock connects with Hong Kong. On Tuesday, the net outflow via the northbound trading of stock connects between mainland and Hong Kong bourses reached 10.8 billion yuan (.57 billion), the second highest in history.