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Analysis: As technology marches on, Asia’s retail property huffs and puffs

In the last financial reporting year, covering calendar 2020, the world’s top 20 technology companies booked revenues of US$2.1 trillion. This represented an increase of US$135.2 billion on 2019. So in a year when the world experienced its deepest economic contraction in modern history, big tech raked in sales equivalent to 2.6 per cent of the entire world’s gross domestic product. For perspective, that’s about the size of the economies of Brazil and Italy, and much larger than the economi