Business and technology quick bites: 25.05.2021

Updated version at 7.50 am

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

May 25, 2021,

Business News

1. Asian stocks are set to open higher after technology shares led gains in the US as investors put inflation worries on the backburner for now. Bitcoin surged after a bout of weekend selling fueled by further signs of a gathering Chinese crackdown on the emerging sector.
2. China’s Huayou partners electric vehicle battery maker EVE Energy and others in a US$2.08 billion nickel and cobalt project in Indonesia.
3. Amazon is in talks to pay almost $9 billion for MGM movie studio, marking the ecommerce giant’s biggest push yet into Hollywood.
4. Sunway is acquiring a majority stake in Multicare Health to expand its pharma retail presence.
5. The $68 billion Greater Springfield which is located near Brisbane is Australia’s first privately built city and the world’s tenth largest masterplanned city, plans to be the next Silicon Valley.
6. Navis Capital acquires majority stake in Malaysia’s Aurelius Healthcare.

Technology News

1. Banking technology startup, Zeta, raised US$250 million from SoftBank Vision Fund II at a valuation of $1.45 billion, winning its first venture backing to help fuel its expansion.
2. Omiai, a leading Japanese matchmaking app was hacked, likely exposing the personal information of more than 1.7 million account holders, in the latest high-profile online attack.
3. Tech talent in Singapore’s financial industry is in demand that many candidates receive multiple job offers and are offered salary increments.
4. Forge Global, a global private securities marketplace, has announced the closing of an oversubscribed funding round of more than US$150 million, with Temasek as one of its backers.