Alibaba takes the crown of China's most valuable brand, with its value surging 59 percent year-on-year to $141 billion.

It's followed by Tencent and the Industrial and Commercial Bank of China, which are valued at $138.16 billion and $40.73 billion, respectively, according to Kantar and WPP's 2019 BrandZ Top 100 Most Valuable Chinese Brands.

The report said the total value of all 100 companies rose 30 percent to $889.7 billion this year, the highest annual increase since the rankings launched in 2011.

Let's take a look at the top 10.

No 10: JD.com

Brand value: $21.18 billion

No 9: China Construction Bank

Brand value: $22.84 billion

No 8: Baidu

Brand value: $26.71 billion

No 7: Ping An Insurance

Brand value: $26.97 billion

No 6: Huawei

Brand value: $33.17 billion

No 5: Moutai

Brand value: $36.56 billion

Kweichow Moutai's wine pictured at an exhibition in Beijing. [Photo by Zhu Xinxing/China Daily]

No 4: China Mobile

Brand value: $39.1 billion

No 3: Industrial and Commercial Bank of China

Brand value: $40.73 billion

No 2: Tencent

Brand value: $138.16 billion

No 1: Alibaba

Brand value: $141 billion

The headquarters of e-commerce giant Alibaba Group in Hangzhou, capital of Zhejiang province. [Photo by Niu Jing/For China Daily]