The Asia Eight

Daily must-reads from the world’s most dynamic region

January 5, 2021

1 TOP STORY: Mystery surrounds fallen idol Ma

2 ATF BIG PICTURE: Decline of tech's pop idol

3 ATF TV: The future of India's IT sector

4 ASIA MARKETS: HSI, CSI300 climb; Nikkei 225 falls

5 NEWS: Tech firms drawn into India's farm row

6 NEWS: NYSE abandons plan to delist China telcos

7 NEWS: China moves to head off food supply crisis

8 COMMENT: Oil's one bright spot for 2021: China

01 Top Story Where is Ma?

China's most famous entrepreneur and one of its richest men has disappeared, while top officials order a restructuring of the financial operations of Ant, to a format preferred by the country's banking regulators

02 The ATF Big Picture Rise and fall of a tech titan

03 ATF TV Indian IT crowd

George Paul, CEO of MAIT, casts his eye over India’s growing information & technology sector

04 Asia Markets

HSI climbs 0.6% to 27,649.86, CSI300 adds 0.7% to 3.528.68. Nikkei 225 falls 0.4% to 27,158.63

05 Telcos enter farm row

Controversial farm bills in India have not only triggered one of the largest protests yet by farmers against the government, it is also leading to yet another spat between the three largest telecom players

06 NYSE halts delisting

Shares of China Telecom, China Unicom, China Mobile surge after the decision to drop delisting move; Analysts confident about the telcos' fundamentals despite delisting proposal; Beijing had called the move "random, arbitrary and uncertain"

07 China food concerns

Agriculture minister expresses concern over country's ability to produce grains and urges farmers to develop better domestic seeds and protect agricultural land from development

08 Comment

"About the only bright spot for global oil markets last year, and likely for at least the first quarter of 2021, comes from China, whose demand for the fuel actually in 2020 due to its early containment of the coronavirus and a subsequent reopening of most of its economy by early April.”

ATF columnist Tim Daiss