Monday morning links
There is an increasing amount of evidence that Pfizer-BioNTech’s and Moderna’s mRNA vaccines don’t work as well against B.1.617, the variant responsible for India’s recent outbreak.
China’s Jan-Apr thermal power generation rose +12% compared to the same period two years ago, despite a tepid consumer recovery.
Net inflows of funds into China reached a 7-year high in 1Q21 as global investors purchased Chinese bonds.
Bytedance founder Zhang Yiming stepped down as CEO, the latest in a long string of Chinese tech CEOs handing over the leadership of their companies. One day later, the government accused TikTok of improperly collecting data.
The retail tranche of JD Logistics IPO was over-subscribed 200x and raised US$3.2 billion despite a recent weakening of Hong Kong’s IPO market.
According to defence minister Nobuo Kishi, Japan is likely to scrap the 1% GDP cap on defence spending.
Singapore’s government said it would ramp up its vaccination drive to give all adults one COVID-19 shot by e…