The World Brand Lab released an analysis report of the 2020 “China’s 500 Most Valuable Brands” on Wednesday. The report shows that Tencent, Huawei, and Ali are among the top ten.
Among them, Tencent ranked fourth with a brand value of 421.549 billion yuan, Huawei ranked 8th with a value of 352.682 billion yuan, and Alibaba ranked 10th with a result of 325.196 billion yuan.
Professor Robert Mundell, chairman of the World Brand Lab and Nobel Prize winner in economics, said that from the perspective of output value, China’s manufacturing output value (4 trillion US dollars) is approximately equal to the United States (2.3 trillion US dollars), The sum of Japan (US$1 trillion) and Germany (US$800 billion). But the growth of Chinese brands has not kept up with the pace of Chinese manufacturing .
Naijatechnews has learned that the total value of “China’s 500 Most Valuable Brands” in 2020 is 24,692.058 billion yuan, an increase of 2821.025 billion yuan over last year, an increase of 12.90%. In the list, there are 435 brands with national influence, accounting for 87.00%; the number of brands with global influence is 55, accounting for 11.00%, a slight increase from last year.
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