Alibaba and Tencent climb ranks of top Asian earners during pand
TOKYO -- Major Asian tech companies have thrived in recent months despite the coronavirus pandemic, as stay-at-home demand reshuffles the ranks of the region's top earners in favor of companies such as e-tailers and chipmakers.
Chinese companies occupy seven of the top 10 spots in a recent Nikkei ranking, with Alibaba Group Holding and others placing significantly higher than last year. Fellow e-tailer JD.com was among those to ascend past hundreds or even thousands of businesses on the list.
Nikkei ranked 15,700 companies this year from 15 Asian economies including mainland China, Taiwan, Japan and India in terms of quarterly net profit in dollars. The data, provided by QUICK FactSet, covers three-month periods ended in May, June and July.
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