The Chinese company Huawei for the first time hit the top ten most expensive brands according to Brand Finance. The company took the tenth position in the rating.
A report by Brand Finance Global 500 2020 presents the 500 most expensive companies from around the world. Huawei has previously been ranked by the agency, but has never before been in the top ten. In addition, the company has become the third most expensive Chinese brand in the world. Its value is estimated at 65.084 billion dollars, which is 4.5% more than last year. Among Chinese companies, only Ping An and ICBC are ahead of it.
The most expensive company was the Amazon trading platform, its cost is estimated at 220.791 billion dollars. Next comes Google with a value of $159.722 billion. Closes the top three Apple with a value of 140.524 billion dollars. Microsoft and Samsung occupy the fourth and fifth positions, respectively – their value is estimated at 117.072 and 94.494 billion dollars.
The ranking of the most expensive brands in the world includes 205 US companies with a total value of $320.4 billion, which is 45.4% of the total value of brands included in the rating. China ranks second with 70 companies with a total value of $133.4 billion, representing 18.9% of the total value of brand ratings.
Despite the trade war between the US and China, from which Huawei suffers primarily, the company managed to show a good sales result. It shipped 44 million smartphones flagship rulers Huawei P and Huawei Mate, which is 50% more than a year earlier.
As we know, Huawei is forbidden to cooperate with American companies, including Google, so Huawei smartphones have lost Google services. According to rumors, the Chinese company intends to soon solve this problem by introducing its own application package that will replace Google services without problems. Huawei also plans to transfer all its products to its own Harmony OS operating system in order to completely get rid of dependence on American companies.