Amazon clinched the world’s most valuable brand in cloud computing, consumer
tech and movie production.
It is founded by the world’s richest man Jeff
Bezos.
According to the 2019 BrandZ Top 100 Most
Valuable Global Brands rankings, Amazon online retailer set its brand value
quintuple in the past five years to reach $315.5billion.
It is undertaken annually by advertising holding
company WPP.
The detailed study of Brand Z reveals firms financial
data and draws on an extensive consumer survey to reach its conclusions.
Amazon expanded into grocery, healthcare, food
delivery and, with its Alexa devices, even voice recognition. Amazon jumped
from third to first place to eclipse Google.The brand of Amazon from 52 percent
to $315 billion.
The company jumped from third place to first
place and got the third position to topmost by replacing Google.
About
Financial Market
There are two online shopping namely Alibaba and
JD.com Chinese website which are down its Chinese e-commerce operation. Huawei
company got a sudden break down of telecom network equipment and smartphone
maker poses security and spying risks. Huawei added 8 percent to its brand
value in the past year to reach $26.9bn.Netflix was third among the global
market and they obtained 65% to obtain its brand value of 34.3 billion.
About
Amazon
Founder: Jeff Bezos
Headquarters: Seattle, Washington, U.S.
Services: Amazon.com, Amazon Alexa, Amazon
Appstore, Amazon MusicAmazon PrimeAmazon Video
Revenue: US$232.887 billion – 2018
