Alibaba, Tencent climb ranks of top Asian earners during COVID-19 crisis

Alibaba, Tencent climb ranks of top Asian earners during COVID-19 crisis

Alibaba, Tencent and Taiwan Semiconductor Manufacturing Co. each joined the ranks of Asia's top 10 companies by quarterly net profit. (Nikkei montage/Photos by Reuters

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.

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