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Two of the world's biggest brands are now Chinese
Published on: 2018-05-29
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052A new list of the world's most valuable brands is out, and China has claimed two of the top spots for the first time.

Alibaba has joined the top 10, alongside Chinese tech group Tencent, as well as stalwarts such as Google and Apple.

050Ranked at No. 9., Jack Ma's Alibaba has seen its brand value nearly double to $113 billion as the e-commerce company has expanded further into fields such as mobile payments and cloud computing.

Shenzhen-based Tencent broke into the annual BrandZ top 10 ranking in 2017 and has gone from strength to strength over the past year. It now holds fifth place -- behind Google, Apple, Amazon and Microsoft but above Facebook -- with a brand value of $179 billion, up 65% compared to last year.

Tencent specializes in online games, apps, instant messaging services and online payments. It boasts a market capitalization of $490 billion, making it worth more than America's most valuable bank, JPMorgan Chase (JPM).

Here's the list of the top 10:

1. Google
0552. Apple
0563. Amazon
0574. Microsoft
0585. Tencent
0546. Facebook
dc Cover bsnudco08r3igtj44duecnr7m4 20180524022454.Medi7. Visa
0598. McDonald's
05919. Alibaba
05310. AT&T

0593The BrandZ ranking is published annually by WPP (WPPGF) and Kantar Millward Brown. Google has been at the top of the ranking for eight of the past 12 years. Its brand is currently valued at $302 billion, up 23% from last year.

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