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Facebook, Amazon and Alibaba stronger still in wake of COVID-19

US and China IT giants battle for tech hegemony and investors' hearts

U.S. and Chinese tech names are popular because investors expect the trends hastened by the pandemic will continue even after the novel coronavirus is brought under control, an analyst says. (Nikkei montage/Source photos by Reuters)

TOKYO -- U.S. and Chinese information technology champions, Apple and Alibaba Group Holding among them, have seen their market values jump in the first half of 2020 as the COVID-19 pandemic set off wild gyrations in global stock markets.

As the U.S. and China vie for strategic dominance, the two countries' IT standard-bearers are waging their own fight for industrial leadership.

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