Top 10 Chinese Brands in 2013
China Daily, October 25, 2013 Adjust font size:
The Chinese Internet industry has been growing by leaps and bounds this year, with leading service providers seeing the value of their brands soar, Interbrand, the world's largest brand consulting firm, said on Wednesday.
It's the sixth time Interbrand has released its Best China Brands List.
The rankings are compiled using companies' sales revenue, independent consumers and market research.
Shenzhen-based information technology service provider Tencent Holdings Ltd became the fastest-growing brand in China, with its brand value up by 84 percent to more than 90 billion yuan (US$14.78 billion).
Tencent's stupendous growth dwarfed 2012's fastest-growing Chinese liquor brand Kweichow Moutai Co's 30 percent and saw it leapfrog from eighth place to No 4 in 2013.
Most agree its rapid growth can be largely attributed to the success of its instant messaging tool WeChat. The number of WeChat users increased by four times to reach 400 million.
"Tencent has devoted much effort to build its brand by providing first-rate service to its customers, which is the core value of the company," said Thomas Chen, managing director of Interbrand China.
