China has long been recognised as the world’s biggest e-commerce market , driven by technology giants that helped revolutionise consumer spending behaviour in the second-largest economy behind the United States. The value of these Big Tech companies – led by e-commerce stalwarts Alibaba Group Holding , JD.com , Meituan , Pinduduo and Tencent Holdings – continued to rise last year, despite the disruptions caused by the Covid-19 pandemic . Benefiting from a global stock market rally among tech firms as the pandemic receded, they each added more than US$100 billion in value over the year, according to a Hurun Research…