BrandZ recently released a chart of the top Chinese brands that are competing on the global market and that ranking was headed by Huawei followed by Lenovo with AliBaba, Xiaomi, and Byte Dance completing the top 5. The agency has released yet another chart of the 2019 Top 100 Most Valuable Chinese Brands in the domestic market.

The list shows that Alibaba topped the list to become the most valuable brand in China. The e-commerce giant’s brand value increased by 59% year-on-year to reach $141 billion. Tencent ranked second, with a brand value of US$138.1 billion, a year-on-year increase of 4%.

Another tech brand on the list is Huawei which was ranked sixth, consistent with last year. Huawei’s brand value was $33.1 billion, representing a year-on-year increase of 38%. Search engine giant Baidu came in at number eight spot with a brand value of $26.7 billion, representing an increase of 7% YoY. Jingdong (JD.com) ranked tenth, with a brand value of US$21.1 billion and a year-on-year increase of 45%. Xiaomi is at number 11 with a brand value estimated at $20.6 billion. Interestingly, Lenovo which ranked among the top most valuable Chinese brands operating overseas ranked at a distant 47th position with a value of $2.9 billion.

Read More: Huawei edges Lenovo to lead BrandZ’s Top 50 Chinese brand ranking

The list of most valuable brands in China has eleven brands from science and technology, representing 26% of the top 100 brands. A lot of the science and tech brands account for the top 10  Chinese brands recognised globally.

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Popular brand building platform BrandZ has released its top 50 ranking of the most valuable brands from China which are competing on the global scene. The report shows a 15% increase YoY on the brand power index of Chinese brands.  The report shows Huawei recorded the strongest performance in the overseas market in the past two years and that the company’s brand value (Brand Power) increased by 22% compared to 2018. With a score of  1862 points, Huawei toppled Lenovo which had 164 points lesser than Huawei and which was last year’s overall best brand.

Regarding the performance of Huawei, BrandZ stated that Huawei is the number one brand in terms of brand power this year due to its successes in the domestic and overseas markets. Huawei leads both in terms of brands and products. Basically, Huawei’s dominance in several markets outside China is undisputable especially compared to other Chinese phone brands.

The list also contains several smartphone brands, though, which is an indication that the Chinese smartphone companies are soaring on the international scene. There is Xiaomi in number 4 which is a good thing for the company and then, OnePlus at number 9. OnePlus is popular outside China even more than Xiaomi but this ranking could be a pointer to the rising profile of the Mi brand. OPPO also made it into the top 20 brands, sitting at number 19.

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However, the top ten brands include Alibaba, Xiaomi, ByteDance, Hisense, Haier, Air China, OnePlus, and Anker. Other top technology brands are: DJI (13th), TCL (18th), OPPO (19th), Tencent (20th), Vivo (27th), Honor (28th), Gree (No. 29), ZTE (No. 30), Netease (No. 32), UnionPay (No. 33), Meizu (No. 36), Jingdong (No. 40), BYD (No. 44), and Midea (No. 49).

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