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How to Buy Asia’s Internet with the New Lion-OCBC Securities Hang Seng TECH ETF
By The Smart Investor  •  November 30, 2020
The share prices of Hong Kong’s 30 largest technology-focused companies overall are up close to 60% this year. And there’s a pretty good reason for its rally. These are the also best companies within Asia’s technology ecosystem — consisting of cloud solution providers, e-commerce platforms and semiconductor suppliers. These sectors are disrupting the way people shop, travel, and even manage their own health. Not to mention, the Covid-19 pandemic is forcing people to adopt these new technologies quickly. For example, you have Alibaba Group (SEHK: 9988), the largest online marketplace where people can conveniently buy and sell stuff online. There’s also Meituan-Dianping (SEHK: 3690), an online discount superstore selling shopping and entertainment vouchers. Then there is Tencent Holdings (SEHK: 0700), which runs the popular WeChat messaging platform and owns some of the most-played mobile games such as Fortnite and Clash of Clans. In fact, some of these companies are already ranked among the biggest internet companies in the world....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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