Japan WhatsApp Rival Line Sets Price Range for IPO

Here is the latest Tech News from The Wall Street Journal.

Japan WhatsApp Rival Line Sets Price Range for IPO
Japanese messaging-app operator Line has set its price range for a potential $1.1 billion IPO in Tokyo and New York next month at $26.50 to $31.50 a share.

Chinese VC Firm Lightspeed Raises $260 Million
A top Chinese venture capital fund raised $260 million worth of fresh capital from global investors, increasing the amount of money set to flow into local startups as valuations in the country stall.

Airbnb Sues San Francisco Over New Law
Airbnb has sued San Francisco in federal court in an attempt to block its home city’s plan to fine the company for unregistered apartment rentals.

Wearable Camera Maker iON Worldwide Files for Bankruptcy
ION Worldwide Inc., a maker of wearable digital recorders that competes with industry leader GoPro Inc., has filed for bankruptcy after seeing its revenue drop significantly last year.

Brexit Aftermath: First Thing We Do, Hire All the Lawyers
Lawyers, accountants and consultants are bracing for an onslaught of work, as the U.K.’s vote to leave the European Union promises to unleash a major overhaul of regulations and contracts.

Online Shopping Forces Retailers to Rethink Inventory Strategy
Retailers are trying to figure out ways to profitably serve online shoppers while making their network of stores less of a financial burden. Home Depot, for example, is targeting sales growth of nearly 15% by 2018, but wants to keep inventory levels flat or slightly down.

ZTE’s Temporary Sanction Relief Extended
The U.S. extended the temporary lifting of sanctions on ZTE, as the Chinese maker of telecommunications equipment tries to rebuild its reputation after being accused of trade-rule violations.

Xerox to Name Carl Icahn Lieutenant to Board
Xerox has agreed to appoint a top lieutenant of Carl Icahn to its board as the company prepares to split into two, according to a person familiar with the matter.

SolarCity Forms Special Committee to Review Tesla Offer
SolarCity Corp. said it has hired outside legal and advisory counsel and formed a special board committee to evaluate an acquisition offer made by Tesla Motors Inc.

Lyft Hires M&A Banker Qatalyst Partners
Ride-hailing startup Lyft has hired Qatalyst Partners, the boutique investment bank best known for helping tech companies find a buyer, according to people familiar with the matter.

HP Enterprise Shuffles Senior Executives
Hewlett Packard Enterprise announced the planned retirement of its research chief along with other management and organizational changes, the latest signs the technology company wants to streamline operations and speed up decision-making.

Naspers Hit by Weaker Currencies
Naspers said its video-entertainment business has suffered after a sharp tumble in global commodity prices weakened African currencies and consumer sentiment on the continent.

EU Set to Issue Fresh Formal Antitrust Charges Against Google
The European Union’s competition watchdog has signaled it is preparing to issue a fresh set of formal antitrust charges, possibly before August, against Google over abusing its dominance in advertising, according to people familiar with the matter.

A Robot With Personality: Anki’s Cozmo Mixes Humor, Animation and AI
The San Francisco startup’s palm-size toy robot, which will go on sale in October, can recognize faces, play games and express a range of emotions.

High-Tech Tools Show Promise for Stroke Recovery
New devices, including some that use videogame and virtual-reality technology, can be more motivating and engaging for patients.

‘Brexit’ Threatens Earnings in Japan’s Tech Sector
Japanese technology exporters such as Canon Inc. are already feeling the impact from the U.K.’s vote to leave the European Union, as the resulting surge in the yen threatens to eat into earnings.

Drones Have a Role in Your Company’s Future
Drones already have disrupted aerial photography, replacing cranes, helicopters and planes on film and TV sets. The breadth of industries where they are gaining purchase is striking, and their use is poised to explode.

Epicor CEO Says Apax Considering Sale of Software Maker
Apax Partners is again weighing a sale of Epicor Software Corp. after fielding interest from private-equity suitors amid a boom in technology company buyouts, Epicor Chief Executive Joe Cowan said.

How Telemedicine Is Transforming Health Care
The revolution is finally here—raising a host of questions for regulators, providers, insurers and patients.

For Consumers, Injury Is Hard to Prove in Data-Breach Cases
Judges are grappling with a new question: whether hacked companies should have to compensate customers for breaches that expose credit-card numbers or other personal information.

Tsinghua Holdings Expands R&D Spending on Strategic Technologies
Tsinghua Holdings Co., the state-owned investment arm of China’s elite Tsinghua University, said it plans to increase its investment in research on strategic technologies to $7.6 billion over the next five years.

Europe’s Startups Reassess Britain After ‘Brexit’
Britain’s vote to leave the European Union is already forcing Europe’s nimble, tech startup community to reassess operations there—a potential early warning for the kind of dramatic action bigger companies may have to take.

China Issues New Internet Search Rules After Baidu Probe
China’s internet regulator has issued new rules for online search and advertising, about six weeks after it opened an investigation of Chinese search giant Baidu’s practices.

Amazon to Add Dozens of Brands to Dash Buttons, But Do Shoppers Want Them?
Amazon this week plans to announce it is adding dozens of new brands to its Dash buttons feature that enables shoppers to order consumer items by pressing a button.

The Invention of GPS
On the way to Desert Storm, U.S. troops stopped in California in order to buy consumer GPS units at local stores. Konstantin Kakaes reviews “Pinpoint” and “Finding North” by George Michelsen Foy.

‘Brexit’ Casts a Pall Over Funding Startups, Some Investors Say
Britain’s vote to exit the European Union has left venture capitalists downcast about the future of entrepreneurship and funding startups in Europe’s second-biggest economy.

Skullcandy Agrees to Be Acquired by Incipio
Headphones maker Skullcandy agreed to be acquired by consumer-technology provider Incipio for $177 million.

FAA’s Drone Rules Break New Ground
New federal rules permitting routine commercial-drone flights also establish legal precedents that could affect an array of future air-safety regulations.

Biotech Labs Birth New Drugs—and New Fortunes
Proprietary drugs that extend or improve the lives of millions of people have lifted stocks of the biotech companies that own them and made millionaires of many scientists and doctors behind them.