Brand Finance, a brand equity consultancy, recently announced the 300 most valuable Chinese brands in 2018 through its website.
The major brands in the list covered the banking, science and technology, communications, real estate, construction, insurance, oil and gas, liquor, public utilities, cars and other sectors.
Among them, the banking brands accounted for 25 percent of the total, followed by the technology brands with 24 percent of the total, and the communication brands came third, accounting for 8 percent of the total.
In 2018, the total value of Chinese technology brands on the top 300 list rose to 24.4 percent from 20.7 percent last year, while the total value of banking sector declined from 29.2 percent to 24.7percent. However, it remains the most valuable sector in China.
The top 10 brands are the Bank of China, the China Construction Bank, Alibaba, China Telecom, the State Grid, Tencent, Huawei, the Agricultural Bank of China, the Ping'an Bank and the Industrial and Commercial Bank of China.
The Industrial and Commercial Bank of China (ICBC) retained the most valuable brand in China with a brand value of USD 59.2 billion, followed by the China Construction Bank with an increase of 37 percent to USD 56.8 billion. The two brands are also the two most valuable banking brands in the world.
Alibaba, Tencent, and Huawei are the leading brands in China's technology sector. With a 58 percent increase to USD 54.9 billion, Alibaba ranked the third, as the fastest growing brand in the global retailing industry.
Although Tencent ranked 7th, its value jumped 83 percent to USD 40.8 billion.
The Huawei smartphone business is the third largest in the world after Apple and Samsung. It is worth USD 38 billion; it came after Tencent with a 51 percent increase.
Also, WeChat, Baidu, JD.com, Evergrande, and Netease ranked the 15th, 17th, 18th, 20th and 25th respectively among the top 300 Chinese brands.
The major brands in the list covered the banking, science and technology, communications, real estate, construction, insurance, oil and gas, liquor, public utilities, cars and other sectors.
Among them, the banking brands accounted for 25 percent of the total, followed by the technology brands with 24 percent of the total, and the communication brands came third, accounting for 8 percent of the total.
In 2018, the total value of Chinese technology brands on the top 300 list rose to 24.4 percent from 20.7 percent last year, while the total value of banking sector declined from 29.2 percent to 24.7percent. However, it remains the most valuable sector in China.
The top 10 brands are the Bank of China, the China Construction Bank, Alibaba, China Telecom, the State Grid, Tencent, Huawei, the Agricultural Bank of China, the Ping'an Bank and the Industrial and Commercial Bank of China.
The Industrial and Commercial Bank of China (ICBC) retained the most valuable brand in China with a brand value of USD 59.2 billion, followed by the China Construction Bank with an increase of 37 percent to USD 56.8 billion. The two brands are also the two most valuable banking brands in the world.
Alibaba, Tencent, and Huawei are the leading brands in China's technology sector. With a 58 percent increase to USD 54.9 billion, Alibaba ranked the third, as the fastest growing brand in the global retailing industry.
Although Tencent ranked 7th, its value jumped 83 percent to USD 40.8 billion.
The Huawei smartphone business is the third largest in the world after Apple and Samsung. It is worth USD 38 billion; it came after Tencent with a 51 percent increase.
Also, WeChat, Baidu, JD.com, Evergrande, and Netease ranked the 15th, 17th, 18th, 20th and 25th respectively among the top 300 Chinese brands.
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