Monday morning links
China’s Communist Party will celebrate its 100th anniversary on Thursday 1 July.
Chinese tech companies are once again flocking to New York for IPOs, including ride-hailing giant Didi, Full Truck Alliance, AiHuiShou and Kanzhun.
Thailand approved a plan for Phuket to allow vaccinated tourists in without quarantine.
Indonesia is preparing a tax overhaul with a new marginal income tax rate of 35% for those earning more than US$350,000 per year.
Myanmar junta leader Min Aung Hlaing and Russia agreed to strengthen ties.
Asian stock ideas
Vineyard Holdings wrote an 86-pager on Tencent (SEHK:700 — US$734 billion)
Value Investing Substack on Malaysia’s AirAsia (KLSE:AIRASIA — US$3.5 billion)
Wickhams Hill on Singaporean cinema stock MM2 Asia (SGX:1B0 — US$120 million)
I wrote a primer on Asia’s casino industry ($)
A few personal book recommendations
Long article about Delfi Limited in today’s Business Times ($)
Exante Data: 2H2021 mRNA vaccine exports set to boom - highly positive for EM
New York Times: They relied on Chinese vaccines. Now they’re battling outbreaks ($)
Katsuji Nakazawa from Nikkei comparing Xi Jinping with his father ($)
Minxin Pei: “The Party Is Not Forever”
Alibaba is starting a credit scoring business together with the state ($)
How an American 29-year old became one of the richest men in Hong Kong ($)
A thought-provoking essay about how Beijing has “cleaned up” the urban landscape and the impact that has had on small merchants
A Taiwanese chip CEO interviewed by Nikkei said “there will surely be a correction” in the chip industry ($)
Taiwan’s foreign minister: “We need to prepare for military conflict with China”
On SoftBank’s investment in an Indian start-up run by former CEO of Infosys ($)
Podcasts and videos
Bloomberg: In China, the future of shopping is already happening (11 mins)
Anne Stevenson-Yang on US-China relations and CCP’s centenary (8 mins)
Hyun Song Shin at BIS on China’s central bank digital currency (47 mins)
Francis Fukuyama on China’s perceived rise as a global superpower (41 mins)
CSIS on China’s military strategy (29 mins)
Asia Tech Strategy Podcast on Didi’s upcoming IPO (56 mins)
Nassim Taleb explains why he is not a big fan of Bitcoin (18 mins)
Another Marc Faber interview, this time on precious metals (44 mins)
Chart of the week – The number of billionaires in the United States vs China / Japan
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Thanks for reading, and I wish you a great week ahead!