- ASX200 is down 0.71% at 6776.10 in morning trade.
- Booktopia to challenge Amazon.
- Dating app removes physical attraction in match-making.
The tech sector is bucking a lower trend in ASX morning trade, with Xero leading the gains with a 3% gain.
Bitcoin is trading above US$32,000.
In tech news, online books retailer Booktopia is challenging Amazon for market share after posting a a 52% rise in first-half revenue to AUD$113 million on the back of a 30% increase in book shipments. In December alone, Booktopia shipped a record 728,000 books.
In the headlines, Wesfarmers has broken AUD$55/share for the first time after Morgan Stanley lifted its price target from AUD$48 to AUD$53. Wesfarmers-owned Bunnings is expected to deliver 3% growth in the second half, compared to a 12% drop last year.
And alternative dating app S?More has raised US$2.1M in seed funding as the platform focuses on finding more meaningful relationships for users by blurring photos and videos in the initial match-making stages. As users communicate and connect, the images and videos gradually clear up.