Top 10 most valuable Chinese brands
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 9 Haier
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 7 JD
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 5 Meituan
Brand value: $41.95 billion
A Meituan booth during an expo in Beijing. [Photo provided to China Daily]
No 4 Douyin
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]