Huawei, was named among the top 10 most valuable brands across the globe by the Brand Finance, a leading consultancy farm of brand valuation and strategy.
In the recently published Brand Finance Global 500 2020 report, Huawei was the third Chinese company on the list with a brand value of US$ 65.084 billion, said a press release.
With 205 companies accounting for 45.4 percent of the top 500, US is the most represented economy in the ranking with a combined brand value of US$ 320.4 billion, Brand Finance report stated.
China followed closely with 70 companies, equivalent to 18.9 percent and a combined brand value of US$ 133.4 billion, it said.
Of the 500 most valuable brands, together, they have a combined brand value of US$ 986.5 billion and 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.
Looking at the future, Huawei remains committed to the all-scenario strategy. Richard Yu, CEO of Huawei Consumer Business Group, said.
“The all-scenario strategy will remain the primary focus of Huawei for the next five to 10 years. We are steadfast in our commitment in creating an integrated ecosystem, in which tablets, PCs, VR devices, wearables, smart displays, smart speakers, cars and IoT devices are all connected to smartphones to deliver a truly seamless user experience.”, he added.