WPP names top 50 Chinese brands

The world's largest advertising company WPP has released its 2013 list of top 50 most valuable Chinese brands.

China Mobile with an estimated 50 billion US dollar value tops the tally. The top 50 brands were picked from about 1,200 Chinese brands of 34 different kinds. The final list was based on a questionnaire of about 350 thousand consumers.

ICBC and China Construction Bank come second and third. Internet and technology companies also surged, with Baidu and Tencent taking the fourth and fifth position. The CEO of WPP commented that the top 50 brands are of high value, but their international recognition still needs improving.

Earlier, WPP also released its 2012 top 100 most valuable global brands, 13 Chinese brands in the list.

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