Chinese brands are seeing notable rises in brand value, according to Brand Finance's 2019 annual report on the world's 500 most valuable brands.
The brand valuation and strategy consultancy released the report on Jan 22 at the World Economic Forum in Davos, Switzerland, noting China's iQiyi, a Netflix-like platform that's the fastest-growing brand of 2019, with a skyrocketing yearly growth of 326 percent.
Chinese brand presence across the Brand Finance Global 500 increased to $1.3 trillion, breaking the $1 trillion mark for the first time, and accounted for 19 percent of the total value of the Top 500. Now let's take a look at the top 10 Chinese brands among World's Top 500 brands in 2019.
No 10 Tencent (QQ) (World Rank No 21)
Sector: Tech
2019 Brand Value: $49,701 million
Brand Value Change: +21.9 percent
A Tencent staff member walks past two QQ mascots at a Tencent office building in Shenzhen, South China's Guangdong province, on Dec 3, 2018. [Photo/Xinhua]
No 9 WeChat (World Rank No 20)
Sector: Tech
2019 Brand Value: $50,707 million
Brand Value Change: +126.2 percent
WeChat mascots are displayed inside a Tencent office in the TIT Creativity Industry Zone in Guangzhou, South China's Guangdong province, on May 9, 2017. [Photo/VCG]
No 8 Bank of China (World Rank No 19)
Sector: Banking
2019 Brand Value: $50,990 million
Brand Value Change: +22.1 percent
Pedestrians are seen behind the logo of the Bank of China on its ATM in Beijing, March 28, 2016. [Photo/Agencies]
No 7 State Grid (World Rank No 18)
Sector: Utilities
2019 Brand Value: $51,292 million
Brand Value Change: +25.3 percent
A State Grid office building is seen in Hangzhou, East China's Zhejiang province, on Nov 9, 2018. [Photo/VCG]
No 6 Agricultural Bank of China (World Rank No 16)
Sector: Banking
2019 Brand Value: $55,040 million
Brand Value Change: +47.5 percent
The Agricultural Bank of China opens its Xiongan branch and welcomes its first batch of customers in Xiongan, North China's Hebei province, on March 19, 2018. [Photo/Xinhua]
No 5 China Mobile (World Rank No 15)
Sector: Telecoms
2019 Brand Value: $55,670 million
Brand Value Change: +4.6 percent
A China Mobile emergency communication vehicle is set to help guarantee the smooth operation of the first China International Import Expo in Shanghai on Nov 14, 2018. [Photo/Xinhua]
No 4 Ping An (World Rank No 14)
Sector: Insurance
2019 Brand Value: $57,626 million
Brand Value Change: +76.7 percent
A Ping An Insurance company logo is seen atop a building in Shanghai on Sept 7, 2011. [Photo/VCG]
No 3 Huawei (World Rank No 12)
Sector: Tech
2019 Brand Value: $62,278 million
Brand Value Change: +63.7 percent
A Huawei retail store is seen in Shanghai. [Photo/VCG]
No 2 China Construction Bank (World Rank No 10)
Sector: Banking
2019 Brand Value: $69,742 million
Brand Value Change: +22.8 percent
A China Construction Bank booth is seen at the Beijing International Finance Expo in Beijing, on Nov 1, 2018. [Photo/VCG]
