Asia business news roundup today

Here's a roundup of Asia business news for today:

China:

• China's economy grew 6.1% in the fourth quarter of 2020, beating expectations and marking a rebound from a 6.5% contraction in the previous quarter. (Source: Reuters)
• China's central bank has injected a record amount of liquidity into the financial system to support the economy, with a total of 1.2 trillion yuan ($173 billion) in new loans and deposits. (Source: Bloomberg)
• Alibaba Group Holding Ltd has launched a new e-commerce platform in China, targeting small and medium-sized enterprises (SMEs) and aiming to help them go online. (Source: South China Morning Post)

Japan:

• Japan's economy contracted 4.8% in the fourth quarter of 2020, worse than expected, due to the COVID-19 pandemic and a decline in exports. (Source: Nikkei Asian Review)
• Japan's government has approved a stimulus package worth 73.6 trillion yen ($680 billion) to support the economy, including measures to boost consumption and investment. (Source: Japan Times)
• Toyota Motor Corp has announced plans to invest 1.5 trillion yen ($13.7 billion) in its Japanese operations over the next five years, including the development of new electric vehicles. (Source: Reuters)

South Korea:

• South Korea's economy grew 1.1% in the fourth quarter of 2020, driven by a rebound in exports and a recovery in domestic demand. (Source: Yonhap News Agency)
• Samsung Electronics Co Ltd has reported a 26% increase in its fourth-quarter operating profit, driven by strong demand for its smartphones and semiconductors. (Source: Bloomberg)
• Hyundai Motor Co has announced plans to invest 10 trillion won ($8.5 billion) in its electric vehicle business over the next five years, aiming to become a leading player in the global EV market. (Source: Korea Times)

India:

• India's economy grew 0.4% in the third quarter of 2020, marking a slow recovery from a contraction in the previous quarter. (Source: Reuters)
• Tata Consultancy Services Ltd has reported a 4.2% increase in its quarterly profit, driven by strong demand for its IT services. (Source: Bloomberg)
• Reliance Industries Ltd has announced plans to invest 30 billion rupees ($400 million) in its retail business, aiming to expand its presence in the Indian market. (Source: Economic Times)

ASEAN:

• The Association of Southeast Asian Nations (ASEAN) has launched a new initiative to promote digital trade and e-commerce in the region, aiming to increase trade and investment flows. (Source: ASEAN Secretariat)
• Indonesia's economy grew 2.9% in the fourth quarter of 2020, driven by a rebound in exports and a recovery in domestic demand. (Source: Antara News Agency)
• Malaysia's economy contracted 3.4% in the fourth quarter of 2020, worse than expected, due to the COVID-19 pandemic and a decline in exports. (Source: Bernama News Agency)

These are just some of the key Asia business news stories for today. I hope you find them helpful!