The e-commerce is the place to be if you want to set foot on Chinese business soil
The landscape of the wealthiest has truly changed over the past few years in China. If it used to be the textile and industrialist
Internet giants have gained a strong momentum and topped the list of China’s most valuable private brands according to a survey by Hurun Report.
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Finance and real estate industries also occupied a good number of seats in the list of top 200 most valuable brands in China this year.
Tencent Holding Limited (腾讯控股有限公司)
Brand value: €25 billion
It is the fourth largest Internet company in the world after Google, Amazon, and Ebay. In 2004, Tencent goes public and since, their market value is reaching €110 billion.
They are now known as possessing the Chinese instant messenger Tencent QQ or the Mobile chat service WeChat. Their services also include other social network, web portals, e-commerce and multiplayer online games.
Brand value: €22.6 billion
Founded in 2000, Baidu is similar to Google. It offers the same services through different name such as Baidu Map, Baidu Knows, Baidu Image and Video Search… In december 2007 Baidu became the first Chinese company to be included in the NASDAQ-100 index. According to Alexa, it is ranked 5th on the most visited website in the world !
Nowadays, it possesses almost 80% of the Search Engine market share in China for over 740 million web pages, 80 million images, and 10 million multimedia files.
Brand value: €22 billion
Created by Alibaba Group in 2003, Taobao is an online shopping similar to eBay and Amazon. It facilitates Consumer-to-Consumer (C2C) on an e-commerce platform specialized for small businesses. According to Alexa, it is part of the top 10 most visited website in the world.
It is a place, where buyers and sellers interact through fixed price or auction. Last year, the website was making over €684 million. With Tmall (owned by Alibaba Group as well and which takes care of the B2C e-commerce), the gross merchandise volume exceeded €120 billion.
Ping An (中国平安保险)
Brand value: €8.2 billion
Founded in 1988, Ping An Insurance (Group) Company of China, Ltd. is an insurance and financial services company. Thanks to its several strategic investments, especially in Shenzhen Development Bank, the company wealth is insure.
More over, the company listed on the Hong Kong Stock Exchange in 2004 is now also part of the stock exchange in Shanghai. It is the first company in the top 10 that isn’t related to the e-commerce industry.
Brand value: €5.7 billion
From it real name Taobao Mall, it is the Business-to-Consumer website of Alibaba. It is a platform that allows chinese business, just as foreign business, to sell quality brand name to Mainland consumers.
Tmall possesses more than half of the market share of the segment in front of JD, Suning and the others.
Number 6: Wanda (大连万达)
Brand value: €4 billion
Founded in 1988, Dalian Wanda Group Corporation Limited is a private company that have activities in real estate, tourism, hotels, and entertainment. It is known for its huge cinemas which are the largest of Asia and its karaoke centers.
Nowadays, the group owns 88 Wanda Plazas, 55 five-star hotels, 1,247 cinema screens, 78 department stores, and 84 karaoke centres throughout China. Which give the company an annual income of €22.2 billion.
Number 7: Alipay (支付宝)
Brand value: €3.1 billion
Alipay is an online payment platforms with no transaction fees that is used by over 300 million people. It has the biggest market share in China. This service has been launched by Alibaba Group in 2004.
The service operates with more than 65 financial institutions including Visa and Mastercard and is used on famous online shopping platform such as Taobao or Tmall.