A total of 18 Chinese brands entered the list of the 2021 Kantar BrandZ Top 100 Most Valuable Global Brands, only next to the US and gaps away from the European brands, a report launched on Tuesday shows.
The total value of the 100 brands has grown by 42 percent, four times the average increase in the past 15 years, to reach $7.1 trillion, according to the report.
Ping An Insurance (Group) Company of China Ltd ranked first among global bank and insurance companies for the first time this year, with a brand value of $38.05 billion, up 13 percent year-on-year. Ping An has maintained its position as the top brand in the global insurance industry for six years. In 2020, Ping An achieved operational income of 1.32 trillion yuan and served more than 598 million internet users.
Other Chinese brands on the list include Tencent, Alibaba, TikTok and Pinduoduo.
One of the reasons why Chinese brands keep such a high growth speed in the adverse circumstance is that China's macro economy has seen a steady and strong rebound, and Chinese consumers are optimistic about the future, Wang Xing, global chair of Kantar BrandZ said.
On the other hand, more Chinese enterprises have realized that it's absolutely a priority to shift from Chinese speed to Chinese quality, and continue investing in brand-building even at the most difficult time, she added.
The Kantar BrandZ is one of the world's influential and extensive brand valuation reports, with a specific investigating method combining Bloomberg's market financial data and interview sampling from over 4 million consumers covering 18,000 brands across 51 markets.
- CPC top discipline inspection commission holds plenum
- UN General Assembly highlights world’s to-do list to save global goals
- China to take measures after U.S. adds 7 firms to export control list
- China to implement negative list for cross-border trade in services
- Top office expands list of diehard Taiwan separatists, announces punitive measures ‘to make them feel the pain’
- 8 Guangxi brands placed on top 500 domestic value list
Popular Videos
Hot comments
- First apes at U.S. zoo receive COVID-19 vaccine made for animals, zoo official says
- China Life: Chinese women shine with She Power
- Foreign firms approved to offer VPN services in capital
- Homemade curling videos trending in China
- 86-year-old grandma in Hebei spends most her life on traditional cheongsam
- Winners of 2022 Inaugural WLA Prize announced
- Lantern Festival: A romantic celebration in China
- Two Chinese COVID-19 vaccine firms to supply vaccines to COVAX
- Media center for 20th CPC national congress to open on Oct. 12
- Six suspects arrested in HK for role in SE Asia job scam
Top Reviews
- Young artists recreate beauty of traditional Hanfu costume
- China releases photos of tallest tree
- English version of ‘Understanding Xi Jinping’s Educational Philosophy’ published
- China crowned in men’s team for 10th straight time at table tennis worlds
- China publishes Atlas of Wildlife in SW China
- Guangxi’s 10 Years: A Visit to China’s Qinzhou Port
- Congress delegate helped lift village out of poverty
- Expo highlights joint efforts in NEV development
- Racism stain of shame on ‘world democratic paradise’
- U.S. may face new COVID wave this upcoming winter: report