Chinese brands have built up strength despite the challenges brought about by COVID-19

A total of 14 Chinese brands entered the 2022 BrandZ Top 100 Most Valuable Global Brands ranking, accounting for nearly 10 percent of the total brand value on the chart. Tencent and Alibaba ranked fifth and ninth in brand value, respectively.
Chinese smartphone video app Kuaishou entered the list for the first time with a market value of 26.5 billion dollars.
Against the backdrop of the lingering pandemic, more and more Chinese brands have moved toward digitalization, with a faster pace than European and U.S. enterprises, Doreen Wang, Global Chair of Kantar BrandZ told a press briefing.
"China's innovation in payments, marketing and distribution channels is very advanced relative to other countries," Wang said.
$Alibaba (BABA.US)$ $BABA-W (09988.HK)$ $Tencent (TCEHY.US)$ $TENCENT (00700.HK)$ $KUAISHOU-W (01024.HK)$ $Quick Hand Concept (LIST0723.SH)$