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Another noteworthy contender in the ranking is Mengniu, a Chinese dairy brand growing at a similar pace to Yili. Its brand value rose 45 percent year-on-year, but from a lower base, hitting .4 billion.

Ap - Reuters - Xinhua

Anyone who fails to hand out the gift is thought disrespectful. Therefore, everyone, from billionaires to regular citizens, is happy to give laisee during the festival, although the amount of money differs.

Apart from helping Africa's growing middle class to bypass the traditional, often more costly, retail channels, the e-commerce platforms are also making it possible for African producers to reduce many of the barriers to access markets around the world. This is crucial for Africa as it seeks to embark on a journey toward industrialization at a time when other regions already have extensive reach and presence in the world markets. E-commerce thus acts as a leveler for emerging African producers and industrialists looking to find foreign markets.

App Annie noted in the report that Chinese publishers account for a relatively small percentage in mature markets including Japan, South Korea, the United States, the United Kingdom and Germany, but their market share is growing rapidly.