Alibaba

Tencent Holdings and Alibaba Group Holding are among the top 10 most valuable brands in the world as Chinese consumer Internet companies continue to mature despite antitrust scrutiny and intense competition at home. Kantar, a London-based data and consulting company, published its annual BrandZ report on June 21, evaluating 18,500 brands in 51 markets around the world, ranking the top 100 using a calculation based on the financial value of the parent company and the ability of the brand to grow sales. The top 100 brands were worth a combined US$7.1 trillion (RM29.52 trillion), according to Kantar. Tencent, owner of Chinese super app WeChat, took fifth spot, up from seventh last year, with a brand valuation of US$241bil (RM1 trillion), while e-commerce giant Alibaba (owner of the Post ) fell from sixth to seventh with a valuation of US$197bil (RM819.32bil). Amazon retained its position as the world’s top brand with an estimated value of US$684bil (RM2.84 trillion), followed by ... » Learn More about Chinese tech names among the fastest growing valuable brands in the world but US companies still dominate

REUTERS: Chinese online grocery startup Missfresh Ltd is planning to raise as much as US$336 million from its US initial public offering, which is expected to value the company at up to US$3.8 billion at the top end of the range. Missfresh, which is backed by an affiliate of Chinese gaming and social media giant Tencent Holdings Ltd, is offering 21 million American Depositary Shares (ADSs) at a price range of between US$13 and US$16 each. Founded in 2014, Missfresh is a mobile e-commerce platform that offers delivery services of fresh produce, including fruits, vegetables, dairy products, meat, beverages and drinks, and other daily dining and living items. The COVID-19 pandemic has fueled online demand for fresh produce in China, with e-commerce companies including Dingdong Macai, Alibaba Group and Pinduoduo competing aggressively to grab a major slice of that vast market. Earlier this month, Dingdong also filed to list in the United States. Missfresh also counts Abu Dhabi ... » Learn More about Tencent-backed Missfresh eyes US$3.8 billion valuation in US IPO