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China's Meituan Dianping raises $4 billion, valuing firm at $30 billion

BEIJING China's largest on-demand internet services platform, Meituan Dianping, has raised $4 billion in a new funding round, valuing the firm at $30 billion, it said on Thursday.

Native American tribe holding patents sues Amazon and Microsoft

A Native American tribe sued Amazon.com Inc and Microsoft Corp in federal court in Virginia on Wednesday for infringing supercomputer patents it is holding for a technology firm.

Banking software firm Temenos targets further growth in Americas

ZURICH Swiss banking software supplier Temenos expects a bigger share of its revenue to come from the United States, Canada and South America in the years ahead, Chief Executive David Arnott said on Wednesday.

Snapchat signs Olympic deal with Eurosport

MANCHESTER, England Social media platform Snapchat will present Winter Olympics content at next year's event in Pyeongchang after striking a deal with Discovery communications' Eurosport, a move which could help the Games reach the younger demographic it craves.

IBM shares head for biggest gain in eight years

Shares in International Business Machines Inc surged 9 percent on Wednesday after it beat expectations on revenue and gave an outlook that hinted one of the world's first big computing names was back on a growth track after six years in retreat.