WeChat’s value surpasses Ferrari as Covid-19 pandemic upends businesses and buoys technology brands from Apple to Tesla

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The global coronavirus pandemic boosted the brand value of China’s largest technology companies last year, even as it decimated livelihoods and economies the world over, according to a report by the British consultant Brand Finance.The brand value of Alibaba.com, the trading platform of Alibaba Group Holding that focuses on serving business and enterprises, jumped by 108 per cent to US$39.2 billion as the second fastest-growing brand, second only to Tesla’s 158 per cent increase, according to…

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