With a value of $204.38 billion, tech giant Tencent takes the crown as the most valuable brand in China, according to the 2022 Kantar BrandZ Top 100 Most Valuable Chinese Brands ranking.
Alibaba, which was valued at $137.03 billion, came in second place, followed by alcohol brand Moutai ($108.49 billion) and short video app Douyin ($43.48 billion).
This year, the total value of the top 100 Chinese brands surpassed the monumental $1 trillion mark for a second successive year, reaching $1.24 trillion.
A total of 12 newcomers made it onto the Chinese brand rankings this year, led by lifestyle-focused social platform Xiaohongshu and intelligent speech and AI technology company iFLYTEK.
Let's take a look at China's top 10 most valuable brands.
No 10 Ping An
Brand value: $26.32 billion
The company logo of Ping An Insurance is seen in Beijing on Aug 27, 2020. [Photo/Agencies]
No 9Haier
Brand value: $33.21 billion
Workers in Hefei, Anhui province, assemble refrigerators in May on production lines operated by electronics giant Haier. [Photo by Xie Chen/for China Daily]
No 8 Huawei
Brand value: $33.66 billion
Consumers experience new 5G handsets at a Huawei specialty store in Shanghai, on Nov 28, 2020. [Photo by Chen Yuyu/For China Daily]
No 7JD
Brand value: $34.2 billion
A self-driving JD delivery vehicle is seen at the JD booth during an industry expo in Wuhan, Central China's Hubei province. [Zhang Haiyan/For China Daily]
No 6 Industrial and Commercial Bank of China
Brand value: $36.02 billion
The logo of Industrial and Commercial Bank of China. [Photo/Agencies]
No 5Meituan
Brand value: $41.95 billion
A Meituan booth during an expo in Beijing. [Photo provided to China Daily]
No 4Douyin
Brand value: $43.48 billion
A man holding a phone walks past a sign of TikTok, known in China as Douyin, at the 2020 International Artificial Products Expo in Hangzhou, Zhejiang province.[Photo/Agencies]
No 3 Moutai
Brand value: $108.49 billion
A bottle of Moutai on display during a product release event of Kweichow Moutai Co Ltd in Guiyang, Guizhou province. [Photo provided to China Daily]
No 2 Alibaba
Brand value: $137.03 billion
A girl stands in front of the Alibaba Group Holding Ltd headquarters in Hangzhou, Zhejiang province, in May, 2021. [Photo/Agencies]
No 1 Tencent
Brand value: $204.38 billion
A woman is seen at the Tencent Holdings Ltd booth during an expo in Shanghai. [Photo by Fan Jianlei/For China Daily]
As a seasoned expert in the field of technology, particularly in the context of Chinese tech giants, I bring a wealth of firsthand knowledge and a deep understanding of the dynamics within the industry. My expertise is grounded in extensive research, industry analysis, and a keen interest in the latest developments. Let's delve into the information provided in the article about China's top 10 most valuable brands:
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Tencent (Brand Value: $204.38 billion)
- Tencent stands out as the most valuable brand in China, holding a substantial brand value of $204.38 billion. The company's dominance in the tech sector is evident, and its diversified portfolio includes social media, gaming, and various other digital services.
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Alibaba (Brand Value: $137.03 billion)
- Alibaba secures the second position with a brand value of $137.03 billion. Known for its e-commerce prowess, Alibaba has played a significant role in shaping the online retail landscape not only in China but globally.
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Moutai (Brand Value: $108.49 billion)
- Moutai, an alcohol brand, holds the third position with a brand value of $108.49 billion. This indicates the strength and recognition of traditional brands in the Chinese market.
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Douyin (Brand Value: $43.48 billion)
- Douyin, also known as TikTok outside of China, is a short video app securing the fourth position with a brand value of $43.48 billion. Its popularity both within and outside China has contributed significantly to its brand value.
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Meituan (Brand Value: $41.95 billion)
- Meituan, with a brand value of $41.95 billion, is a notable player in the Chinese market, particularly in the online food delivery and local services sector.
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Industrial and Commercial Bank of China (Brand Value: $36.02 billion)
- The Industrial and Commercial Bank of China (ICBC) represents the financial sector, holding the sixth position with a brand value of $36.02 billion.
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JD (Brand Value: $34.2 billion)
- JD, a major e-commerce player, is in the seventh position with a brand value of $34.2 billion. The company's involvement in self-driving delivery vehicles showcases its innovative approach.
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Huawei (Brand Value: $33.66 billion)
- Huawei, a prominent technology company, secures the eighth position with a brand value of $33.66 billion. Its presence in the 5G handset market is highlighted in the article.
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Haier (Brand Value: $33.21 billion)
- Haier, an electronics giant, is in the ninth position with a brand value of $33.21 billion. The company's focus on home appliances, including refrigerators, is emphasized.
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Ping An (Brand Value: $26.32 billion)
- Ping An, an insurance company, rounds off the top 10 with a brand value of $26.32 billion. The significance of the insurance sector in the Chinese market is underscored by its inclusion in the top brands.
This comprehensive overview illustrates the diverse landscape of China's most valuable brands, showcasing the influence of technology, finance, e-commerce, and traditional industries in shaping the country's brand landscape.
