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Apart from travel restrictions that prevented migrant workers from reaching their jobs, the novel coronavirus also disrupted logistics chains at the height of the outbreak, leading to the lackluster sales of farm produce and threatening to push many back into poverty.

Apart from the brands that fell off the list, 34 decreased in value, with GE experiencing the steepest decline, dropping 32 percent, while 57 hit higher valuations, including nine new entrants and Instagram, whose brand value soared by 95 percent.

Annie Lee, general manager of Swire Coca-Cola Beverages Hainan Ltd, a subsidiary of Coca-Cola China, said per capita consumption of the company's beverages was the equivalent of 89 cans in Hainan in 2019, which is higher than the country's average of 47 cans. This is due to the high tourist numbers in Hainan last year.

Apart from helping Africa's growing middle class to bypass the traditional, often more costly, retail channels, the e-commerce platforms are also making it possible for African producers to reduce many of the barriers to access markets around the world. This is crucial for Africa as it seeks to embark on a journey toward industrialization at a time when other regions already have extensive reach and presence in the world markets. E-commerce thus acts as a leveler for emerging African producers and industrialists looking to find foreign markets.

Apart from China Bohai Bank, Dongguan Rural Commercial Bank Co, Weihai City Commercial Bank Co and Xinjiang Huihe Bank Co are also waiting to be listed in Hong Kong.