Research
ABC-HKUST Joint Research Report "Extraordinary Endeavors in Turbulent Times: Asian Innovation, Inclusion, and Impact during COVID-19"
30.03.2021

Our publication “Extraordinary Endeavors in Turbulent Times: Asian Innovation, Inclusion, and Impact during COVID-19" is a joint research report between the Tanoto Center for Asian Family Business and Entrepreneurship Studies at the HKUST Business School and the Asia Business Council. 

The eight companies that were selected for case research have more than 360,000 employees and assets of more than USD680 billion collectively. They are headquartered in Mainland China, Hong Kong, Taiwan, Myanmar, Philippines, Singapore, South Korea, and Vietnam.   

Online interviews with key decision makers were conducted in the second half of year 2020. The eight research articles analyzed how the companies responded to the pandemic in their own strategic, innovative, or impactful ways. They also demonstrated their resilience, adaptability and a keen desire to give back to society.

The full English report can be downloaded here: 

Extraordinary Endeavors in Turbulent Times: Asian Innovation, Inclusion, and Impact during COVID-19

The Chinese translated articles of the eight companies will be released in our Center's WeChat account (HKUST_CFB) in the next few weeks' time. 

For details of the report, please check the following:

Letter from the Directors

Executive Summary

Editorial Insights: How Family Business Traits Helped Companies Adapt and Thrive During the COVID-19 Pandemic

Ayala Corp (Philippines)
Recommitting to a Broad Stakeholder Eco-system during the Pandemic

DatVietVAC Group Holdings (Vietnam) 
Leveraging Entertainment as a Force for Good in Face of COVID-19 Challenges

Esquel Group (Hong Kong) 
Launching a Sustainable Mask amidst a Public Health Crisis

Fubon Group (Taiwan)
Forming a Mobile Phone-based Information System to Prevent Community Outbreaks

Lenovo (Mainland China)
Championing Educational Technologies to Enable Virtual Learning Experiences Worldwide

Lotte Group (South Korea) 
Embracing “Open Innovation” in E-Commerce for the Post Corona Era

Temasek (Singapore)
Tapping Investment Expertise and Diverse Networks to Help Fight the Virus

Yoma Group (Myanmar) 
Accelerating Financial Inclusion in a Time of Social Distancing