Monday morning links

Biden’s Asia czar Kurt Campbell said the era of engagement with China is over.

The main port in Shenzhen closed down over the weekend due to an outbreak of COVID-19, presumably variant B.1.617.2. Chinese state media says the domestic spread of COVID-19 is under control.

Chinese regulators are going after Tencent to make the company separate its finance business from the rest of the group.

The demand for Chinese IPOs has weakened somewhat recently in the US and in Hong Kong. Meanwhile, NetEase’s music app just filed for an IPO as did India’s fintech unicorn Paytm.

Myanmar blocked foreign apps and websites such as Facebook and Twitter.

Malaysia’s government announced a nationwide total lockdown starting tomorrow to curb its new COVID-19 outbreak.


Asian stock ideas

  • I wrote about Japanese online recruitment company En-Japan (TSE:4849 — US$1.5 billion)

  • Merger arb: Pembridgecap on the privatisation of Chinese online recruitment company 51Job (NASDAQ:JOBS — US$4.8 billion)

  • A blogger called Circle of Competence has written an introduction to South Korean e-commerce giant Coupang (NYSE:CPNG — US$71 billion)


Long-form writing


Podcasts and videos


Chart of the week – China’s residential floor space sold is likely to drop due to demographics


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Thanks for reading, and I wish you a great week ahead!