Reuters Technology Report: November 7, 2016

Click to View in Browser Monday, November 7, 2016 China adopts cyber security law in face of overseas opposition BEIJING (Reuters) - China adopted a controversial cyber security law on Monday to counter what Beijing says are growing threats such as hacking and terrorism, but the law triggered concerns among foreign business and rights groups. Ubisoft CEO reiterates desire to keep group independent, eyes Netflix series PARIS (Reuters) - The head of French software games developer Ubisoft reiterated on Monday his desire to keep Ubisoft independent, in the face of pressure from shareholder Vivendi, and added Ubisoft was in talks with Netflix over a series. Cyber fraudsters take money out of 20,000 Tesco Bank accounts LONDON (Reuters) - The banking arm of Britain's biggest retailer Tesco was scrambling on Monday to deal with an online attack over the weekend on 40,000 customers' accounts, 20,000 of which had money removed. China's LeEco to slow pace of growth, faces 'big company disease': CEO BEIJING/SHANGHAI (Reuters) - Chinese conglomerate LeEco, which has invested in high-tech products from electric cars to smartphones, is facing a shortage of cash and suffering from expanding too fast and in too many directions, its CEO said in a letter to staff. 'Prince' of Baidu, tipped for top role, resigns after probe: sources BEIJING (Reuters) - A top Baidu Inc executive, widely seen as a potential successor to chief executive Robin Li, has resigned after an internal company probe found conflicts of interest involving another firm acquired by the Chinese search engine giant. Eye-tracking firm Tobii to raise cash for virtual reality, smartphone investments STOCKHOLM (Reuters) - Swedish firm Tobii on Monday announced plans to raise 450 million crowns ($50 million) in a rights issue to invest in technology for virtual reality and smartphones. SoftBank second-quarter profit up 6.8 percent on strong domestic telecoms business TOKYO (Reuters) - Japan's SoftBank Group Corp reported on Monday a 6.8 percent rise in operating profit for the July-September quarter, thanks to a strong showing by its domestic telecommunications business. Brazil mulls steps to speed up Oi intervention, papers say SAO PAULO (Reuters) - The Brazilian government is considering changes to the country's bankruptcy protection law to facilitate an intervention in Oi SA, whose in-court reorganization process is suffering with internal shareholder and creditor disputes, two local newspapers reported on Monday. Samsung to launch AI digital assistant service for Galaxy S8 SEOUL (Reuters) - Samsung Electronics Co Ltd said on Sunday it would launch an artificial intelligence digital assistant service for its upcoming Galaxy S8 smartphone, seeking to rebound from the Galaxy Note 7's collapse and differentiate its devices. Exclusive: Singulato is China's latest e-car newcomer to rev up with big fundraising BEIJING (Reuters) - Little-known Chinese electric car start-up Singulato Motors is expected to say this week it raised around $600 million in a second fundraising - the latest such move illustrating China's headlong 'gold rush' into all-electric battery cars. Related Video 'Blue blood' bid to encourage DNA screening Bolivian llama conservation efforts pay dividends 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