The overall value of the 300 most valuable Chinese companies reached 6.8 trillion yuan ($945.9 billion) in 2023, according to a latest report jointly released by Hurun Research Institute and Focus Media on Feb 29.
The top three most valuable Chinese brand were Kweichow Moutai, Wuliangye and WeChat, in which Kweichow Moutai made it to the top of the list for the sixth time in a row and is the only trillion-yuan brand, possessing a brand value of 1.05 trillion yuan.
Liquor brand Wuliangye came in the second, with its brand valued at 260 billion yuan, up 4 percent year-on-year. Followed by WeChat in the third place with its brand value rising 41 percent year-on-year to 225 billion yuan.
Let's take a look at the top 10 most valuable Chinese brands on the list.
No 10 (tie) Pingan Group Brand value: 100 billion yuan
The logo of Pingan Group is seen in Shanghai, Aug 11, 2023. [Photo/VCG]
No 10 (tie) BYD Brand value: 100 billion yuan
BYD's logo is seen on a BYD vehicle at the press day of the IAA Transportation in Munich, Germany, on Sept 4, 2023. [Photo/VCG]
No 9 Meituan Brand value: 120 billion yuan
A man takes a picture of a Meituan automatic delivery vehicle at the China National Convention Center in Beijing on Sept 1, 2023. [Photo by Wang Jing/chinadaily.com.cn]
No 8 National Cellar 1573 Brand value: 125 billion yuan
Boxes of National Cellar 1573 liquor are on display at a supermarket in Beijing on Dec 15, 2021. [Photo/VCG]
No 6 (tie) Pinduoduo Brand value: 175 billion yuan
Photo taken on Nov 30, 2023 shows Pinduoduo's logo on a cell phone. [Photo/VCG]
No 6 (tie) Tencent Brand value: 175 billion yuan
A logo of Tencent is seen in front of the company's headquarters in Beijing, on Oct 30, 2023. [Photo/VCG]
No 5 Douyin Brand value: 195 billion yuan
Visitors participate in a promotional event held by Douyin in Beijing. [Photo/China Daily]
No 4 ChungHwa Brand value: 215 billion yuan
A refuse to smoke poster is seen on a street in Beijing, on April 23, 2022. [Photo/VCG]
No 3 WeChat Brand value: 225 billion yuan
A WeChat QR code is seen at a supermarket in Beijing on Aug 24, 2022. [Photo/VCG]
