The Hurun Research Institute recently released its annual ranking of the most valuable brands in China.

This year's editions included 502 brands originating from 17 different countries. Three brands headquartered in Xiamen made the list. Luckin Coffee ranked 104th with a brand value of 11.5 billion yuan, Anjoy Food ranked 349th with a brand value of 2.5 billion yuan and Xtep ranked 411th with a brand value of two billion yuan.