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The brand value of the social media platform TikTok/Douyin grew by 26% (reaching $105.8 billion) in the past year.
The power grid firm State Grid Corporation of China (+20%, reaching $85.6 billion) climbed to second position from third, relegating the Industrial and Commercial Bank of China (+10%, totaling $79.1 billion) to third place.
The subsequent three positions were occupied by these banks: China Construction Bank (+19.5% to $78.4 billion), Agricultural Bank of China (+16% to $70.2 billion), Bank of China (+26.5% to $63.8 billion). Moutai (+16.5%, $58.4 billion), a liquor brand, held on to the seventh spot.
The telecommunications company China Mobile rose from ninth to eighth place, with a 6% value increase to $47 billion. Tencent secured the ninth position with a value of $44 billion, moving up from the tenth spot last year. The insurance brand Ping An fell from eighth to tenth place (-2.6%, to $43.2 billion).
The WeChat brand fell out of the top 10, and this year it is in thirteenth position. The brand that experienced the most rapid growth was Little Swan, increasing in value by 3.1 times (to $1.8 billion). Under this brand, Midea Group manufactures washing machines and air conditioners.
According to the survey, the cumulative worth of China's top 100 most costly brands hit $2 trillion.
source: brandfinance.com
The power grid firm State Grid Corporation of China (+20%, reaching $85.6 billion) climbed to second position from third, relegating the Industrial and Commercial Bank of China (+10%, totaling $79.1 billion) to third place.
The subsequent three positions were occupied by these banks: China Construction Bank (+19.5% to $78.4 billion), Agricultural Bank of China (+16% to $70.2 billion), Bank of China (+26.5% to $63.8 billion). Moutai (+16.5%, $58.4 billion), a liquor brand, held on to the seventh spot.
The telecommunications company China Mobile rose from ninth to eighth place, with a 6% value increase to $47 billion. Tencent secured the ninth position with a value of $44 billion, moving up from the tenth spot last year. The insurance brand Ping An fell from eighth to tenth place (-2.6%, to $43.2 billion).
The WeChat brand fell out of the top 10, and this year it is in thirteenth position. The brand that experienced the most rapid growth was Little Swan, increasing in value by 3.1 times (to $1.8 billion). Under this brand, Midea Group manufactures washing machines and air conditioners.
According to the survey, the cumulative worth of China's top 100 most costly brands hit $2 trillion.
source: brandfinance.com
