BrandZ recently released a chart of the top Chinese brands that are competing on the global market and that ranking was headed by Huawei followed by Lenovo with AliBaba, Xiaomi, and Byte Dance completing the top 5. The agency has released yet another chart of the 2019 Top 100 Most Valuable Chinese Brands in the domestic market.

The list shows that Alibaba topped the list to become the most valuable brand in China. The e-commerce giant’s brand value increased by 59% year-on-year to reach $141 billion. Tencent ranked second, with a brand value of US$138.1 billion, a year-on-year increase of 4%.

Another tech brand on the list is Huawei which was ranked sixth, consistent with last year. Huawei’s brand value was $33.1 billion, representing a year-on-year increase of 38%. Search engine giant Baidu came in at number eight spot with a brand value of $26.7 billion, representing an increase of 7% YoY. Jingdong (JD.com) ranked tenth, with a brand value of US$21.1 billion and a year-on-year increase of 45%. Xiaomi is at number 11 with a brand value estimated at $20.6 billion. Interestingly, Lenovo which ranked among the top most valuable Chinese brands operating overseas ranked at a distant 47th position with a value of $2.9 billion.

The list of most valuable brands in China has eleven brands from science and technology, representing 26% of the top 100 brands. A lot of the science and tech brands account for the top 10 Chinese brands recognised globally.