China Takeover: Alibaba and Tencent Are 2 Chinese Companies Made to List of TOP 10 Most Valuable Brands in 2018 (Inforgraphics)

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A new list of the world’s most valuable brands was made by Business Tech has revealed China has taken two of the top places for the first time in the history. 

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China is taking over 

Alibaba(+92%) has joined the top 10 of most valuable brands with another Chinese tech group Tencent. The company doubled its value to $113B in 2018.

Chinese brand Tencent(+ 65%) has taken the 5th top place in 2018 ranking with a brand value of $178B and is currently behind Google, AppleAmazon, and Microsoft.

The category is still dominated by two American companies, Google and Apple, growing +23% to $302B and +28% to $300B each of them.

Alibaba is the e-commerce, retail, Internet company that provides services via web portals, payment services, shopping search tool. Tencent is a company specialized in online games, apps, messaging services and online payments.

Thus, China is on its way to achieving global power:

“The challenges facing Chinese brands are by no means small,” Doreen Wang, the head of BrandZ said. “Limited brand awareness in international markets, a lack of trust due to historic quality issues and a reluctance by Chinese brands to invest in impactful global advertising campaigns has put them at a disadvantage with their more established competitors.”

Though its hard to beat American brand particularly in US, the other countries really like the products of Chinese brands:

“Attitudes are changing, particularly among younger consumers who are falling in love with Chinese brands,” she said. “While penetration into US markets may still be at a preliminary stage for both brands, other regions are embracing them.”


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China Takeover: Alibaba and Tencent Are 2 Chinese Companies Made to List of TOP 10 Most Valuable Brands in 2018 (Inforgraphics)
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China Takeover: Alibaba and Tencent Are 2 Chinese Companies Made to List of TOP 10 Most Valuable Brands in 2018 (Inforgraphics)
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A new list of the world's most valuable brands was made by Business Tech has revealed China has taken two of the top places for the first time in the history. 
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