Tencent ranked among the top 100 most valuable brands in China and Ali ranked second

Followed by retail giant $Alibaba(BABA.US)$ and Chinese Baijiu maker $Kweichow Moutai(600519.SH)$ , ranking second and third respectively with a brand value of US $137 billion and US $108.5 billion.

Among the first newcomers this year, Xiaohongshu, a social media platform with lifestyle as the core, ranked 37th with a brand value of US $6.6 billion, while AI technology company iFLYTEK $Iflytek Co.,ltd.(002230.SZ)$ intelligent voice brand value reached US $4.2 billion, ranking 53rd in the top 100 charts.

In the past year, the popularity of Chinese brands in overseas markets has significantly increased. Overall, overseas business accounts for about 8.8% of the top 100 Chinese brands.