A list released by Brand Alliance revealed that tech giant Huawei has become China’s most valuable brand, worth some 815.1 billion yuan ($117 billion). The total value of the top 20 Chinese brands reached 6.12 trillion yuan.
The report, seen by the China Daily, puts internet services company Tencent Holdings in second place, valued at 746 billion yuan ($107.13 billion). It is followed by Alibaba (671.64 billion yuan or $96.4 billion), Industrial and Commercial Bank of China (588.15 billion yuan or $84.4 billion) and China Mobile (430.28 billion yuan or $61.7 billion).
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