Monday morning links
The major news over the past week has been Alibaba’s record US$2.8 billion fine for engaging in anti-competitive behaviour. The Godzilla vs Kong blockbuster continues to do well in the box office, providing hope for an Asian cinema recovery. A few notable South Korean IPOs now in the pipeline: South Korea’s Internet Bank KakaoBank, EV battery maker LG Energy Solution and PUBG creator Krafton. Singaporean ride hailing company Grab is planning a US$34 billion US SPAC deal. Significant flare-ups in COVID-19 cases in Japan, India and the Philippines over the past few months and new lock-downs are instituted to deal with the problem. Vaccinations for the elderly in Japan will finally start on Monday. Meanwhile, many fear Tokyo Olympics in July will turn into a superspreader event.