The Asia Brand Summit was organized in Shanghai on Sept. 22 by the World Brand Lab. The "Asia's Most Influential Brands 2020" list was released at the summit, and a total of 500 brands from 21 countries and regions have been chosen. Shanghai Electric ranks the 87th, up by one place from last year's, and seizes the second place in the machinery category.

The selection criterion is the brand's Asian influence, i.e., the brand's ability to explore and occupy the market to make profits. The basic indicators used by the World Brand Lab to evaluate the influence of Asian brands include Market Share, Brand Loyalty, and Asian Leadership. Guided by the "three-step" strategy, Shanghai Electric has embarked on a fast lane of growth with concerted efforts. New records have been created in revenue, net profit, and new orders in 2019. The rapid development has greatly added to the popularity, position, and influence of Shanghai Electric in the industry and society. Next Shanghai Electric will adapt its brand identity to strategic transformation, focusing on diversification, global layout, smart transformation, and integrated solutions and publicizing its brand values. Shanghai Electric strives to develop into a respected world-class enterprise that leads the industry with an influential brand.

The World Brand Lab is the world's leading consultant of brand valuation, and most of its experts and consultants are from elite universities e.g. Harvard, Yale, MIT, Oxford, Cambridge, and Stanford. Its research findings have been critical to intangible asset evaluation in M&As across the globe. The Asia's top 500 brands list has been published once a year since 2006.