The logo of Alibaba Group seen at its office in Beijing on January 5, 2021. Photo: Reuters The logo of Alibaba Group seen at its office in Beijing on January 5, 2021. Photo: Reuters
The logo of Alibaba Group seen at its office in Beijing on January 5, 2021. Photo: Reuters
Internet

WeChat’s value surpasses Ferrari as Covid-19 pandemic upends businesses and buoys technology brands from Apple to Tesla

  • Tencent Holding’s WeChat saw the brand value of China’s dominant social networking app increase 25 per cent to US$67.9 billion in 10th spot overall, worth more than Ferrari
  • China’s share of the world’s top 500 most expensive brands grew to 77, from 70, valued at a combined US$1.42 trillion, an increase of 20 per cent.

Topic |   Internet
The logo of Alibaba Group seen at its office in Beijing on January 5, 2021. Photo: Reuters The logo of Alibaba Group seen at its office in Beijing on January 5, 2021. Photo: Reuters
The logo of Alibaba Group seen at its office in Beijing on January 5, 2021. Photo: Reuters
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