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....