Industry

Brand Finance Global 500 index: Huawei becomes 9th most valuable brand

Chinese telecom giant Huawei has made its place in the world’s top 10 most valuable brands of 2022, announced recently by Brand Finance Global 500.

This year, Huawei has jumped six places in comparison to last year in the annual Brand Finance Global 500 index.

Huawei has become the ninth most valuable brand in the world with a 29 percent growth to $71.2 billion.

Despite the unprecedented situation created by the pandemic, the company focused on its ICT services and ploughed revenue back into innovations.

Huawei Rotating Chairman Guo Ping said, “Despite all the trials and tribulations, the company worked with customers and partners to ensure business as usual. After adjusting its strategy accordingly, overall performance was in line with our forecasts.”

Leading brand valuation consultancy Brand Finance adjudicates 5,000 of the biggest brands and publishes reports every year, ranking the most valuable brands across different sectors.

This year, alongside Huawei, Apple has won the world’s most valuable brand title whereas WeChat has become the world’s strongest brand.

Source: United News of Bangladesh