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
No 9 Haier
Brand value: $33.21 billion
No 8 Huawei
Brand value: $33.66 billion
No 7 JD
Brand value: $34.2 billion
No 6 Industrial and Commercial Bank of China
Brand value: $36.02 billion
No 5 Meituan
Brand value: $41.95 billion
No 4 Douyin
Brand value: $43.48 billion
No 3 Moutai
Brand value: $108.49 billion
No 2 Alibaba
Brand value: $137.03 billion
No 1 Tencent
Brand value: $204.38 billion
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