iPhone | iPad
Android
Huawei
Any fluctuations in global rates directly reflect in the local market when the Fuel Price Follow-up Committee revises prices every month
KT APPDOWNLOAD
Amazon, Apple most valuable brands
Apple overtook Amazon and Google to reclaim its status as the world's most valuable brand
Amazon and Apple are the world’s most valuable brands, while Tesla is the fastest growing among the super-brands with a 275 per cent rise in value, according to a global ranking by Kantar’s BrandZ.
While US brands still dominate, Chinese brands are rising up the global top brand list and are more valuable than Europe’s top brands.
Amazon, founded in 1994 by Jeff Bezos, remained the world’s most valuable brand with an estimated value of $684 billion, followed by Apple, founded in 1976, at $612 billion and Google at $458 billion, Kantar said.
Recently, according to a report by Brand Finance, a brand valuation and strategy consultancy, Apple overtook Amazon and Google to reclaim its status as the world's most valuable brand for the first time since 2016.
Tencent, China’s biggest social media and video games company, was in fifth place, while Alibaba was in seventh place.
“Chinese brands are steadily and slowly progressing, and have made significant headway as more companies leverage their own technological developments and demonstrate their abilities to align with the major trends shaping China and the global market,” said Graham Staplehurst, global strategy director at Kantar BrandZ.
Five brands more than doubled their value, led by Chinese e-commerce giants Pinduoduo and Meituan, China’s top liquor maker Moutai, China’s TikTok and America’s Tesla.
Tesla, founded in 2003, was the fastest-growing brand and became the most valuable car brand, growing its value by 275 per cent year-on-year to $42.6 billion, Kantar said.
Top Chinese brands consolidated their lead over top European brands: China accounted for 14 per cent of the top 100 brands, up from 11 per cent a decade ago, while European brands accounted for eight per cent, down from 20 per cent a decade ago, Kantar said.
The top European brand was France’s Louis Vuitton in 21st place, followed by Germany’s SAP software group in 26th place. The only British brand on the list was Vodafone in 60th place.
US brands were dominant: American brands grew fastest over the past year and American brands accounted for 74 per cent of the top 100, Kantar said.
The world’s top 100 brands were worth a combined $7.1 trillion, Kantar said.
issacjohn@khaleejtimes.com
More news from
The 17 children and nine women have spent years languishing in camps following the 2019 collapse of the Daesh group
Kathleen Folbigg, who spent 20 years behind bars, was convicted in 2003 of murdering three of her children, and the manslaughter of a fourth
President Joe Biden was briefed on the incident, a White House official told journalists, but did not specify whether any emergency precautions were implemented
The internet sensation's management team has teased fans about a new project — with June 10 being the likely release date — on social media
CarbonSifr's innovative approach seeks to integrate climate solutions into everyday operations for businesses and individuals
Rising temperatures cause a fuel shortfall for generation plants, says power minister
In the last week, bullion attempted to recover, briefly reaching $1,983, but quickly reversed course and retreated heading into the weekend