Haier Named China's Most Valuable Brand for 12th Consecutive Year
QINGDAO, China, Oct. 15, 2013 /PRNewswire/ -- The recent 19th China's Most Valuable Brands Report has placed Haier at the top of its ranking for the 12th consecutive year, valuing the company at RMB 99.29 billion (US$16.22 billion).
China's Most Valuable Brands report is the longest running annual research project on brand values of Chinese companies. The report reveals that the average brand value of top 100 brands has reached RMB 21.41 billion, growing 10-fold compared to the same ranking in 1995. Haier saw 40-fold growth in brand value during the same period.
According to the report, Haier achieved outstanding performance thanks to steady growth. With a market-leading position in China, Haier has poured additional resources into integrating and maximizing global technology know-how and market resources, and in fostering the development of five global R&D centers. As a result, Haier continues to win consumer awareness in the worldwide marketplace. On Dec. 24, 2012, Euromonitor International, the global leader in consumer market strategy research, ranked Haier as the number one major appliance brand in the world for the fourth straight year, with an 8.6% retail volume share in 2012.
Haier's 12 consecutive years as China's brand value leader also reflects its persistence in transforming its business model in the Internet era. By implementing its innovative win-win business model, Haier aims to create a synergy between employees and customer resources to help employees realize their full value when creating value for customers. Such transformations have made Haier a platform in synergizing global resources based on customer needs, helping Haier build on its current market leading position and bolstering the company's goal of becoming a widely-respected global brand.
Since 1995, China's Most Valuable Brands, a joint project by Ruifu Global Ranking Group and Beijing Famous Brands Property Assessment Co., has strived to provide consumers, investors and researchers with insight into the competitiveness of China's leading brands.
Haier Group is the world's #1 major appliance brand as ranked by Euromonitor International 2012, and a global leader in consumer electronics. Haier Group employs more than 80,000 employees and distributes products in more than 100 countries and regions. Haier's subsidiary, Qingdao Haier Co., Ltd. (SHA: 600690), is listed on the Shanghai Stock Exchange, while its Haier Electronics Group Co., Ltd. (HGK:1169) subsidiary is listed on the Hong Kong Stock Exchange.
SOURCE Haier Group
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