The COVID-19 pandemic has significantly disrupted both working practices and life in general and many of us have been adjusting to this new working world and lifestyle. We have gotten used to working from home for extended periods of time and are now relying on digital ways to complete our daily errands and tasks.
Traditional businesses were impacted as well and many companies took this opportunity to pivot their operations and automate processes as strategies were redefined to meet the increasing need for a digital transformation.
Many of the technology companies that we were familiar with come from the United States, particularly Silicon Valley in the past twenty years. However, in recent years, the Chinese have also increased their technological research and absorption and have strengthened their digital presence globally.
How Hang Seng TECH Index Companies Performed During COVID-19
Alibaba, Tencent, Xiaomi, Lenovo, and JD.com are some of the Chinese technology companies that have become very popular and are tracked by the Hang Seng TECH Index.