Alibaba, Tencent among 10 most valuable global brands: Report

China’s e-commerce giant Alibaba and tech leader Tencent are among the world’s 10 most valuable brands, a report showed Tuesday.

Alibaba, growing in brand value by 16 per cent year-on-year to 131.2 billion US dollars and moving up two places to No. 7, has overtaken Tencent for the first time to become the most valuable Chinese brand, according to the 2019 BrandZ Top 100 Most Valuable Global Brands report released by global communication services provider WPP and brand consultancy Kantar Millward Brown.

Tencent, the Shenzhen-based firm known for its hugely popular multi-functional app WeChat, ranked No. 8 on the list, dropping three places as compared with the previous year after its brand value declined 27 percent to 130.9 billion dollars.

 

Alibaba, Tencent among 10 most valuable global brands: Report

Chinas e-commerce giant Alibaba and tech leader Tencent are among the worlds 10 most valuable brands, a report showed Tuesday. Alibaba, growing in brand value by 16 per cent year-on-year to 131.2 billion US dollars and moving up two places to No. 7, has overtaken Tencent for the first time to become the most valuable Chinese brand, according to the 2019 BrandZ Top 100 Most Valuable Global Brands report released by global communication services provider WPP and brand consultancy Kantar Millward Brown. Tencent, the Shenzhen-based firm known for its hugely popular multi-functional app WeChat, ranked No. 8 on the list, dropping three places as compared with the previous year after its brand value declined 27 percent to 130.9 billion dollars.