The Hang Seng Index (HSI) which tracks the performance of the largest companies listed on the Hong Kong Stock Exchange (HKSE) rose to its highest level in March 2024.
In this article, we look at 5 of the best Hong Kong-listed tech stocks you can consider investing in.
Table of contens
- Tencent Holdings Ltd (0700.HK)
- BYD Company Limited (1211.HK)
- Xiaomi Corporation (1810.HK)
- Trip.com Group Limited (9961.HK)
- Alibaba Group Holding Limited (9988.HK)
Tencent Holdings Ltd (0700.HK)
Although Tencent Holdings engages in online advertising, fintech, and business services, the firm is most well-known for creating WeChat and is the world’s largest video game company, raking $84.6 billion in game revenue 2023; Tencent has published popular mobile games like PUBG Mobile and League of Legends: Wild Rift and acquired beloved video game developer Riot Games in 2012.
The company reported a weaker-than-expected Q4 2023 performance but has plans in place to boost its revenue with a robust pipeline of new games. The company also announced its plans to double its stock buyback programme to stem losses in its share price.
BYD Company Limited (1211.HK)
Headquartered in Shenzhen, China, BYD was established in 1985 and has grown to become the leading electric vehicle (EV) and rechargeable batteries manufacturer globally.
The company was catapulted into the spotlight as it surpassed Tesla as the biggest seller of EVs in the 4th quarter of 2023, delivering a record-breaking 526,409 units compared to Tesla’s 485,000 units.
Looking ahead, the EV juggernaut plans to launch high-end luxury EV models and its first electrified pickup truck later in 2024, adding to the company’s broad lineup of vehicles.
Xiaomi Corporation (1810.HK)
The Xiaomi Corporation manufactures and sells consumer electronics like smartphones, smartphone software, set-top boxes, and more.
The Chinese tech company has been often dubbed the “Apple of China” and has experienced rapid growth over the past few years thanks to its low price points.
In 2024, the company launched its first EV, the Xiaomi SU7, and has set its eyes on becoming one of the world’s top automakers.
Trip.com Group Limited (9961.HK)
Trip.com Group is a travel service conglomerate that operates globally, offering a suite of services such as accommodation reservations, transportation ticketing, and packaged tours.
As with many industries, the travel sector industry is undergoing a paradigm shift that’s driven by artificial intelligence (AI). In 2023, Trip.com launched TripGenie—an AI travel assistant that covers all aspects of a traveller’s journey from the crafting of itineraries to the booking of trips.
The recovery of the travel industry after COVID-19 also sparked a global travel surge, driven by pent-up demand for travelling, which saw outbound travel bookings from China increase six-folds in 2023 compared to 2022.
Alibaba Group Holding Limited (9988.HK)
The Alibaba Group is arguably one of the most prominent tech companies on the list. Known for specialising in e-commerce, retail, internet, and technology, the Alibaba Group also offers its products and services in the media and entertainment industries.
While it’s been a tumultuous past couple of years for Alibaba thanks to the government clampdown and the economic downturn, the company is back on the hunt for growth, betting on improved shopping experiences and artificial intelligence to regain momentum.
How to Invest in Hong Kong Tech Stocks
Syfe’s Brokerage now offers investors like you access to some of the largest companies from Hong Kong and China on the Hong Kong Exchange (HKEX).
Choose from over 2,500 stocks and ETFs, including household names like Alibaba, Xiaomi, BYD, Tencent, HSBC, Cathay Pacific and more.
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