Reuters Technology Report: June 15, 2016

Click to View in Browser Wednesday, June 15, 2016 SoftBank sees up to $2.4 billion profit on Alibaba share sale TOKYO (Reuters) - SoftBank Group Corp said on Wednesday it expects to book profit of 200 billion yen to 250 billion yen ($1.9 billion to $2.4 billion) this financial year from the sale of shares in Alibaba Group Holding Ltd. China's Didi Chuxing raises $7 billion in new funding: source (Reuters) - Chinese car-hailing app Didi Chuxing Technology Co has raised $7 billion in its latest fund raising effort, a source familiar with the matter said. EU proposes cutting wholesale roaming rates BRUSSELS (Reuters) - The European Union proposed on Wednesday cutting the wholesale roaming rates that telecoms operators pay each other when customers surf the Internet abroad to pave the way for the abolition of retail roaming charges by summer next year. Cybercrime market sells servers for as little as 6 dollars to launch attacks FRANKFURT (Reuters) - A major underground marketplace acting like an eBay for criminals is selling access to more than 70,000 compromised servers allowing buyers to carry out widespread cyber-attacks around the world, security experts said on Wednesday. Israeli augmented reality firm Lumus raises 15 million dollars TEL AVIV (Reuters) - Lumus, a developer of technology for augmented reality, said on Wednesday it has received $15 million of funding led by Chinese investment group Shanda along with Zhejiang Crystal-Optech Co, a Chinese photo-electric component manufacturer. U.S. court backs landmark Obama internet equal-access rules WASHINGTON (Reuters) - A U.S. appeals court upheld the Obama administration's landmark rules barring internet service providers from obstructing or slowing down consumer access to web content on Tuesday, dealing a blow to big cable and mobile phone companies. Twitter invests $70 million in SoundCloud: Re/code (Reuters) - Twitter Inc has invested about $70 million in Berlin-based music service SoundCloud, technology website Re/code reported citing people familiar with the deal. India dials back chip ambitions as investors spurn plant funding MUMBAI (Reuters) - India's ambitious plan to be a major player in semiconductors, taking on the Chinese and churning out locally-made chips for a new generation of smartphone users, has proved to be a little too ambitious. Singapore start-up to launch robo adviser to tap tech-savvy rich SINGAPORE (Reuters) - Financial technology firm Mesitis Pte Ltd plans to launch a robo-advisory business for high net worth individuals in the next two months, its CEO said, capitalizing on a growing trend by the rich to seek online investment advice at a lower cost. French killer's Facebook broadcast underscores live video challenges SAN FRANCISCO (Reuters) - After Larossi Abballa killed a French police commander and the commander's partner on Tuesday, he took to Facebook Live to encourage viewers in a 12-minute video to follow his example: Kill prison staff, police officials, journalists, lawmakers. Related Video Ray of light for prostate cancer treatment Airbus looks to algae jet fuel future Mediafile How about Hightail-ing it? On Twitter, dubious health claims from e-cigarette bots A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today A quick-fix on the day's news delivered when you want it. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2016 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook