A ranking of the world’s most valuable brands, published annually by WPP and Kantar Millwards Brown, shows that the top ten now includes two Chinese companies for the first time, CNN reports.
Ranked at No. 9, e-commerce company Alibaba has joined Chinese Tech group Tencent on the list. Alibaba has seen its brand value nearly double to USD 113 billion as it has expanded into fields like mobile payments and cloud computing.
Tencent has been on the list since 2017, and now holds fifth place with a brand value of USD 179 billion, up 65 percent from last year. It specialises in online games, apps, instant messaging services and online payments. While jobs that can be done remotely were once a growing but small part of the economy, working from home is currently the reality for a large swathe of the population. More on Laborx site
Here are the top ten brands for this year: