Business and technology quick bites: 23.06.2021

The highlighted words in red are links to the news article.

June 23, 2021 (last updated at 8.15 am)

Business News

1. Stock market news updates: Nasdaq sets record high, Asian stocks set for a steady open after Fed’s reassuring comments.
2. Blackstone agrees to buy single-family rental company Home Partners of America Inc for US$6 billion, betting on the demand for suburban housing will stay hot, even as the pandemic eases.
3. Bitcoin bounces back after tumbling below $30,000 threshold.
4. Axa to sell its insurance operations in Malaysia to Generali for around US$166.5 million.
5. Malaysia surpasses Indonesia to become the biggest crude palm oil exporter to top consumer India.
6. China Evergrande sells stakes in its Internet unit for $570 million to ease funding pressure.
7. Sunway to sell 15% stake in its healthcare unit to Singapore sovereign wealth fund GIC for US$168.3 million-US$192.3 million.
8. Serba Dinamik takes legal action against KPMG, claiming for substantial damages for alleged negligence and breaching contractual and statutory duties.

Technology News

1. South Korea mobile financial app Toss operator raised $410 million in fresh funding, which values the company at $7.4 billion.
2. SoftBank-backed Dingdong aims for a more than $6 billion valuation in its New York IPO debut.
3. Twitter stars to dabble with letting fans to pay for special access to online content.
4. US-Israeli cybersecurity firm Transmit Security raises US$543 million in a series A funding round, the largest ever Series A funding round in cybersecurity history.
5. Microsoft joins Apple to take its place in the history books as just the second US public company to reach a $2 trillion market value.
6. Tinder thinks online dating is primed for change, adds videos to profiles.
7. Dutch payment startup Mollie raises another $800 million in an all-equity round that values the company at $6.5 billion.