Tencent named China’s most valuable brand

With an estimated worth of $44,700m, Internet services giant  Tencent has been named China’s  most valuable brand  for the second year running in the annual rankings compiled by the Hurun Institute.
The top ten is dominated by the ICT and banking sectors, with Alibaba subsidiary Taobao in second place. The ten most valuable brands are

  1. Tencent $44,700m, IT
  2. Taobao – $42,900m E-commerce
  3. China Mobile – $42,700m, Mobile communications
  4. Baidu – $40,300m, Search engine
  5. Industrial and Commercial Bank of China – $36,600m, Banking
  6. China Construction Bank – $29,800m, Banking
  7. Bank of China – $25,200m, Banking
  8. Agricultural Bank of China – $19,400m, Banking
  9. China Life – $19,000 million, Insurance
  10. Chunghwa – $16,500M, Tobacco

The total value  of  the 200  brands covered by the study has risen by 36 % to stand at  $696bn  with the top 10 accounting for 46% of the total.

Source: chinadaily