Monday morning links
The biggest story of the week is China considering turning tutoring companies into non-profits. Beijing also ordered Tencent to end its exclusive music licensing deals and fined Alibaba and Tencent for distributing sexually suggestive emoji stickers. Beijing also signalled an “unprecedented” penalty for Didi’s IPO missteps.
COVID news: A top HK government adviser said that HK might not fully re-open until mid-2022 despite being on track for a 70% vaccination rate by October. After this year’s Delta wave, 68% of Indians now have COVID-19 antibodies.