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China's top 10 brands

The results of WPP and Millward Brown's annual ranking of the top brands in China highlights a shift in power away from state-owned enterprises.

5.  Baidu

brands - baidu 5
5
  • Sector: Technology
  • Headquarters: Beijing

Baidu is the company that informs China. The country's leading search engine offers a one-stop shop for news, celebrity gossip, location-based maps and streaming music.

But brand value declined 12% this year, a performance Rana chalked up to increased competition from upstart Chinese Internet firms.

"The challenge for Baidu is that they are a window to the world, but there are new windows all the time," Rana said. "They need to respond to that."

  @CRrileyCNN - Last updated December 03 2013 04:17 AM ET

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