Qingdao has nurtured a group of well-known enterprises and brands, like Haier, Hisense and Double Star. Tsingtao Brewery, founded in 1903, is a beer production company with the longest history in China, its export volume accounting for over 50 percent of total export volume in China. Haier Group has ranked at the top of China's most valuable brands list for 10 consecutive years.
The city has five national quality management awards and 73 China famous brands that have been approved by the State Administration for Industry and Commerce. It has also received many honors, like "City of Famous Brands" and "China's Top 10 Brands City".