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

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

20200709N Amazon Alibaba Facebook Tencent montage

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)

AKIHIDE ANZAI, Nikkei staff writer

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.

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