Annual report on the most valuable and strongest global brands
By E.C.V. & ASOCIADOS
Amazon has retaken top spot as the world’s most valuable brand despite its brand value falling 15% this year from US$350.3 billion to US$299.3 billion, according to the Global 500 2023, the latest report from brand valuation consultancy, Brand Finance.
There was a total of 48 tech brands that featured in the ranking, two down from the 50 in 2022, after Snapchat and Twitter dropped out. Other tech-focused brands to lose value include Samsung Group (brand value down 7% to US$99.7 billion), Alibaba.com (brand value down 56% to US$10.0 billion), Facebook (brand value down 42% to US$59.0 billion) and WeChat (brand value down 19% to US$50.2 billion).
The top 10 is formed by Amazon, Apple, Google, Microsoft, Walmart, Samsung, ICBC, Verizon, Tesla and TikTok.