China's 100 most valuable brands have seen their total value rise 12 percent year-on-year to $996.4 billion this year, according to the 2020 BrandZ Top 100 Most Valuable Chinese Brands list released by global communication services provider WPP and Kantar in October.
Internet giant Alibaba Group Holding Ltd took the top spot, growing by 9 percent to $153.29 billion, followed by Tencent with $150.98 billion.
Here are the top 10 most valuable Chinese brands for 2020.
No 10 China Construction Bank
Brand value: $21.09 billion
The China Construction Bank logo is seen at a booth. [Photo/Sipa]
No 9 Meituan
Brand value: $23.91 billion
Signs of Meituan are seen at its booth at the 2020 China International Fair for Trade in Services in Beijing on Sept 4, 2020. [Photo/Agencies]
No 8 JD
Brand value: $24.76 billion
A JD.com sign is seen at the World Internet Conference in Wuzhen, Zhejiang province on Oct 20, 2019. [Photo/Agencies]
No 7 Ping An
Brand value: $33.81 billion
Visitors check out the exhibits of Ping An Insurance (Group) Co of China Ltd at the China (Shenzhen) International Financial Fair in Shenzhen, South China's Guangdong province. [Photo/China Daily]
No 6 China Mobile
Brand value: $34.58 billion
Consumers try out 5G mobile phones at a business hall of a China Mobile branch in Beijing on Oct 31, 2019. [Photo/Xinhua]
No 5 Huawei
Brand value: $37.4 billion
The Huawei flagship store in Shanghai on July 9, 2020. [Photo/Sipa]
No 4 Industrial and Commercial Bank of China
Brand value: $38.15 billion
People walk past a branch of Industrial and Commercial Bank of China in Beijing on April 1, 2019. [Photo/Agencies]
No 3 Moutai
Brand value: $53.76 billion
A bottle of China's top alcohol brand Kweichow Moutai. [Photo/Sipa]
No 2 Tencent
Brand value: $150.98 billion
People walk past a Tencent sign at the company headquarters in Shenzhen, Guangdong province on Aug 7, 2020. [Photo/Agencies]
