A list released by Brand Alliance revealed that tech giant Huawei has become China’s most valuable brand, worth some 815.1 billion yuan ($117 billion). The total value of the top 20 Chinese brands reached 6.12 trillion yuan.
The report, seen by the China Daily, puts internet services company Tencent Holdings in second place, valued at 746 billion yuan ($107.13 billion). It is followed by Alibaba (671.64 billion yuan or $96.4 billion), Industrial and Commercial Bank of China (588.15 billion yuan or $84.4 billion) and China Mobile (430.28 billion yuan or $61.7 billion).
Pharmaceuticals and medical equipment, electronics, internet, and food and beverages represented the majority of industries among the top 500 brands in the ranking.
A total of 55 brands came from the pharmaceutical and medical equipment sector as demand for masks, respirators, nucleic acid tests and vaccines has increased amid the coronavirus pandemic, driving up the brand value of the entire industry.
The list also revealed that 43 electronics brands entered the top 500 ranking, with Xiaomi (85.97 billion yuan or $12.3 billion) becoming the most valuable electronic enterprise.
This year, 41 brands on the list came from the internet sector, as the pandemic has driven more consumers online. The report said that online shopping, entertainment and offices have significantly benefited as a result of Covid-19.
Находи идеальные места для персонажей-фигурок в «Is This Seat Taken?»
The US Air Force wants to test blowing up Cybertrucks because 'it is likely the type of vehicles used by the enemy may transition to Tesla Cyber trucks'
Steam for Chromebooks is getting axed in 2026 instead of exiting its 4-year beta
Modders are trying their hardest to add an NVMe SSD to the Switch 2, which is both impressive and something I'm not going to do
