Hurun: Huawei has become the most valuable consumer electronics company in China, followed closely b

On October 12th, the Hurun Research Institute released the "2020 Hurun China Top 10 Consumer Electronics Companies" today, listing the top 10 local consumer electronics companies in China, ranked according to the company's market value or valuation, of which Huawei is worth 1.1 trillion Value has become the most valuable consumer electronics company in China.

The report pointed out that consumer electronics refers to electronic products used by consumers in their daily life, mainly smartphones and various wearable devices. The list does not include Gree, Midea, Haier and other traditional household appliance companies, as well as Cobos and other smart home appliance companies represented by sweeping robots; However, it accounted for less than 50% of the total revenue and was not included in the list; the companies on the list mainly focus on B2C business, and some companies, such as Goertek, which makes AirPods, and Smol, which makes electronic atomizers, are worth more than a thousand dollars. 100 million, but B2B is the main business, so it is not on the list.

In the list, Huawei, Xiaomi and vivo rank in the top three, followed by OPPO and DJI, specifically as follows:

Huawei has become the most valuable consumer electronics company in China with a value of 1.1 trillion. Founded in 1987, Huawei is the world's leading provider of information and communication infrastructure and smart terminals. At present, there are 194,000 employees, and its business covers more than 170 countries and regions, serving more than 3 billion people. Huawei is a private company that is 100% owned by its employees. Huawei implements employee stock ownership plans through trade unions, with more than 100,000 participants.

Xiaomi ranks second with a value of 434 billion. Xiaomi is an Internet company with mobile phones, smart hardware and IoT platforms as its core. Starting from smartphones, the company's current product line covers notebooks, routers, smart hardware, wearable devices, major appliances, etc., and its business has entered more than 90 countries and markets around the world. Xiaomi's revenue last year was 205.8 billion yuan.

According to Canalys statistics, in the second quarter of this year, Xiaomi's smartphone shipments ranked among the top four in the world, with a market share of 10.1%. 2020 is the tenth anniversary of Xiaomi's establishment. The company announced earlier that the core strategy in the next 10 years will be upgraded to "Mobile Phone X AIoT", focusing on the core business of mobile phones and strengthening the layout of AIoT.

Vivo and OPPO ranked third and fourth with a value of 175 billion and 170 billion respectively, DJI ranked fifth with a value of 100 billion, and the last five were: Transsion Holdings (ranked sixth with a value of 77 billion), Lenovo Group ( 54 billion value ranked seventh), Yingt Technology (27 billion value ranked eighth), Wuxin Technology (15 billion value ranked ninth) and Edifier (14 billion value ranked tenth).

Hoogewerf, Chairman and Chief Research Officer of Hurun Report, said: "China's leading consumer electronics brands are the most recognized Chinese brands overseas, especially Huawei, Xiaomi, vivo, OPPO, Lenovo, and the best-selling Transsion mobile phones in Africa. The consumer electronics industry has created the world’s most valuable company—Apple, worth 13.5 trillion yuan. After the epidemic, the consumer electronics industry still has great opportunities for development under the blessing of 5G.”