Chinese internet portal Tencent has cracked the top 10 of the world's 100 most valuable brands, according to an annual ranking.

 

中国互联网门户站腾讯网已进入全球100最具价值品牌前十名。

 

The 2017 Top 100 Most Valuable Global Brands was released on Tuesday by WPP and Kantar Millward Brown.

 

Tech giants Google, Apple, Microsoft, Amazon and Facebook took the top five places on the list.

 

Tencent was ranked No 8, and was one of 21 brands from the Asia Pacific region to make the list.

 

Other Chinese brands on the list are Alibaba (14), China Mobile (17), ICBC (28), Baidu (39), Huawei (49), China Construction Bank (54), Ping An (61), Moutai (64), Agricultural Bank of China (72), China Life (78), Sinopec (85) and Bank of China (94).

 

The report examines both consumer-facing and business-facing brands across 14 product categories, with an analysis of five geographic¹ regions and additional details about brands and consumer attitudes in China, India, Russia, Latin America and Southeast Asia.

 

The US dominates the rankings with 54, and US brands now make up 71 percent of the list's market value. But more Chinese brands are moving up.

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