Companies in the technology, banking and telecom industries have dominated a list of most valuable brands in China compiled based on a study by advertising research agency WPP and Millward Brown.

The total value of BrandZ Top 100 Chinese Brands hit record levels in 2017, growing 6 percent to reach $557.1 billion in brand value.

Here are the top 10.

No 10 Agricultural Bank of China

Category: Banks

Brand value: $14,848 million

No 9 Moutai

Category: Alcohol

Brand value: $16,219 million

No 8 Ping An

Category: Insurance

Brand value: $16,463 million

No 7 China Construction Bank

Category: Banks

Brand value: $18,398 million

No 6 Huawei

Category: Technology

Brand value: $20,383 million

No 5 Baidu

Category: Technology

Brand value: $23,886 million

No 4 ICBC

Category: Banks

Brand value: $31,482 million

No 3 China Mobile

Category: Telecoms

Brand value: $57,899 million

No 2 Alibaba

Category: Retail

Brand value: $58,009 million

No 1 Tencent

Category: Technology

Brand value: $106,181 million