Feb 2, 2017

Google dethrones Apple

Tsering Topgyal / AP

Google has surpassed Apple as the world's most valuable brand, according to the latest Brand Finance Global 500 report, per MarketWatch. Google, which hasn't been in the No. 1 spot since 2011, saw its brand value rise 24% to $109.5 billion in 2017 from $88.2 billion in 2016. Brand Finance cites its "unchallenged" search business as the leading source of its successful advertising income.

Meanwhile, Apple has slipped into the second spot with a 2017 brand value of $107.1 billion, down 27% from $145.9 billion in 2016. The report says that Apple has lost its "luster" and is now forced to compete on a higher playing field with a number of new Chinese brands.

"Put simply, Apple has over-exploited the goodwill of its customers, it has failed to generate significant revenues from newer products such as the Apple Watch and cannot demonstrate that genuinely innovative technologies are in the pipeline" wrote Brand Finance.

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Scoop: Census Bureau is paying Chinese state media to reach Americans

Illustration: Sarah Grillo/Axios

The 2020 Census Paid Media Campaign, which sends U.S. taxpayer dollars to community media outlets to run ads about the upcoming census, is including a Chinese state-run broadcaster as one of its media vendors.

Why it matters: After China's yearslong campaign to co-opt independent Chinese-language media in the U.S., Washington is now paying Beijing-linked media outlets in order to reach Chinese Americans.

Go deeperArrow40 mins ago - World

Live updates: Coronavirus spreads to Latin America

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

Brazil confirmed the first novel coronavirus case in Latin America Wednesday — a 61-year-old that tested positive after returning from a visit to northern Italy, the epicenter of Europe's outbreak.

The big picture: COVID-19 has killed more than 2,700 people and infected over 81,000 others. By Wednesday morning, South Korea had the most cases outside China, with 1,261 infections. Europe's biggest outbreak is in Italy, where 374 cases have been confirmed.

Go deeperArrowUpdated 2 hours ago - Health

GOP congressman accuses California pension official of working for China

Illustration: Rebecca Zisser/Axios

The latest season of Red Scare has come to Sacramento.

Driving the news: Rep. Jim Banks (R-Ind.) has repeatedly accused Ben Meng, chief investment officer of the California Public Employees' Retirement System (CalPERS), of tacitly working on behalf of the Chinese government. Banks also says that, were it up to him, Meng would be fired — and has questioned the patriotism of California Gov. Gavin Newsom for not at least investigating Meng.

Go deeperArrow2 hours ago - World