Alibaba (NYSE:BABA) files to offer the ADRs, which include 487.5M shares offered in the U.S. and 12.5M shares in Hong Kong.
BABA plans to use the proceeds to drive user growth and fuel innovation.
Intel adds Sequoia partner to board
Intel (NASDAQ:INTC) adds James Goetz to its board, and he becomes the sixth new independent director since the beginning of 2016.
Goetz has served as a partner at VC firm Sequoia Capital since 2004. He currently serves on several boards, including Palo Alto Networks.
Amazon protesting JEDI contract loss – report
Amazon (NASDAQ:AMZN) is fighting back against Microsoft (NASDAQ:MSFT) receiving the Pentagon’s winner-takes-all JEDI cloud contract, according to a video obtained by the Federal Times.
In a video from a company meeting held today, AWS CEO Andy Jassy says “we’re going to protest the decision and push the government to shine a light on what really happened.”
Jassy: “Numerous aspects of the JEDI evaluation process contained clear deficiencies, errors, and unmistakable bias- and it’s important that these matters be examined and rectified.”
A source says Amazon filed the protest paperwork last Friday. Amazon confirmed the Federal Times’ reporting.
State AGs probing Google search, Android – CNBC
The 50 state and territory attorneys general investigating Google (GOOG,GOOGL) for antitrust violations will expand the probe into the search and Android businesses, according to CNBC sources.
The investigation was focusing only on the ad business.
The AGs will write up civil investigation demands to help the inquiry, but sources say the subpoenas might not be served immediately.
Google received a $5B fine in the EU for favoring its Android operating system over the competition.
NY airport regulator partners with Uber rival
Ride-share provider Via partners with the Port Authority of New York and New Jersey for flat-rate shared trips from LaGuardia Airport.
The service will cost $15 to all NYC boroughs or $20 to destinations like Bronx and Staten Island.
Four to six passengers will share a ride, which aims to help with LaGuardia’s notorious congestion. Via will use its algorithm to group passengers in the most efficient way.
