Huawei named one of top 10 most valuable brands by Brand Finance
This marks the first time in history that Huawei has entered top 10 of the list
Huawei today announced that Brand Finance, a leading brand valuation and strategy consultancy headquartered in UK, has named Huawei one of the top 10 most valuable brands for the first time ever. In the recently published Brand Finance Global 500 2020 report, Huawei is the third Chinese company on the list with a brand value of US$ 65.084 billion, up 4.5 per cent year-on-year.
“Clearly the next big opportunity for the telecoms industry, the 5G space is inviting fierce competition, with Huawei expanding into markets traditionally covered by Western providers. Despite sparking controversy, the Chinese giant is making clear headway, and with a brand value of US$65.1 billion, now counts among the world’s top 10 most valuable brands for the first time,” writes Brand Finance in the report.
The technology sector continues to draw the most attention as the most valuable sector. Of the 500 most valuable brands, 46 of them – or 14 percent – originated from the tech sector. Together, they have a combined brand value of US$ 986.5 billion. Huawei is the sole Chinese tech brand among the top 10 most valuable brands.
Huawei’s brand value growth can be attributed to its commitment to innovation to continually improve product competitiveness and consumer experience.
Last year, Huawei also built out its all-scenario experience by introducing a range of new products spanning multiple categories, including tablets, PCs, wearables and IoT devices in the HiLink ecosystem, all of which exhibited a certain degree of growth.
About Huawei Consumer BG
Huawei’s products and services are available in more than 170 countries and are used by a third of the world’s population. Fourteen R&D centres have been set up in the United States, Germany, Sweden, Russia, India and China. Huawei Consumer BG is one of Huawei’s three business units and covers smartphones, PC and tablets, wearables and cloud services, etc. Huawei’s global network is built on over 30 years of expertise in the telecom industry and is dedicated to delivering the latest technological advances to consumers around the world.
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