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Chinese internet portal Tencent has cracked the top 10 of the world's 100 most valuable brands, according to an annual ranking.

Chinese major e-commerce platforms continued to break records in online sales during this year's June 18 shopping festival from June 1 to 18, which is the second-largest after Singles Day on Nov 11.

Chinese model Liu Wen said on her official Sina Weibo account that she had terminated her contract with Coach and strongly condemned its action for hurting the feelings of the Chinese people. Liu became Coach's brand ambassador on July 26.

Chinese customs officers confiscated nearly 300 kilograms of ivory products in 22 cases from January to May, according to the General Administration of Customs on Wednesday.

Chinese consumers love hyaluronic acid products, and this is reflected in their shopping carts. On the June 18 online discount day, one of China's biggest shopping festivals led by Taobao, German beauty brand Balea saw sales of its beauty treatment capsules with hyaluronic acid hit 120,000 during the first hour.