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As coffee gradually penetrates Chinese people’s daily life in recent years, some none-catering companies are starting to utilize the potential of this newly booming industry. Sportswear brand Li-Ning bursts into the coffee industry this year with Ning Coffee…
Merchandise manufactured by Chinese sportswear giant Li Ning has been banned from entering the US with the company accused of using North Korean labour in its supply chain. The US Customs and Border Protection announced on Tuesday that – under the terms of…
Li Ning, the gymnast-entrepreneur who lit the Olympic flame during China’s 2008 Games, has bought control of one of Britain’s oldest shoe producers, extending the global shopping spree by Chinese companies for famous international brands. Viva China Holdings,…
A Chinese company controlled by Li Ning plans to buy a controlling stake in Hong Kong-listed apparel group Bossini, with plans to expand the business in Mainland China. A venture called Viva China will buy 1.09 billion shares in Bossini, paying just HK$46.6…
Chinese sportswear giant Li-Ning reported a massive 110-per-cent boost in profit for last year on sales up 32 percent. Total revenues reached ¥13.87 billion (US$127.9 million) compared with ¥10.51 billion ($96.95 million) in 2018. Net profit attributable to…
Consumer desire for a multifunctional wardrobe is set to continue driving the global athleisure wear market, according to data and analytics research group GlobalData. Over the last two years, the athleisure trend has risen as demand for comfort, performance…
Li Ning has issued a positive-profit alert after a preliminary review of its half-year results. The alert bodes well for the company which has emerged from a troubling era after its founder, Li Ning himself, reasserted control of the business as interim CEO.…
Chinese sports apparel brand Li-Ning has released a collaboration with esports organisation Edward Gaming (EDG). The Li-Ning X EDG apparel line, which includes hoodies, jackets, tracksuits, and shoes, is now selling at its retail location in Shanghai’s Daning…
Li-Ning Pakistan has made its debut with a flagship in the capital city of Lahore. The Chinese sportswear and accessories giant says the new Gulberg flagship, opened late last month, signals a nationwide expansion in the territory following the introduction…
Stronger margins helped Chinese sportswear brand Li-Ning boost profit attributable to shareholders by 56 per cent last year, to RMB515 million (US$82 million). The company says sales rose 11 per cent to RMB4.176 billion and the net profit margin from 4.1 per…
Li Ning e-commerce sales soared 90 per cent last year, driving an overall 13 per cent gain. The Chinese sportswear company closed the year with CNY8.015 billion (US$1.165 billion) in sales, while its gross margin grew 1.2 points to 46.2 per cent. Its net…
A government-backed campaign to encourage healthy living is helping give Chinese sports brands traction again in the domestic consumer market. After three tough years with the slowing economy and over-expansion following the Beijing Olympics in 2008, the…
Thanks to a health boom on the mainland, Chinese sportswear brand Li Ning has skipped out of the red to turn a modest profit after three years of losses. For its latest financial year, it had a net profit of Rmb14 million (US$2.2 million), reversing from a…
Li Ning, the struggling Chinese sportswear company that is one of the mainland’s best known brands, says it will break even for 2015, leaving behind three years of annual losses. In a filing to the Hong Kong stock exchange, the company said it expected to…
Sportswear maker and retailer Li Ning has sold a 10 per cent stake in the Double Happiness table tennis business to Viva China. The deal is worth RMB 125 million in cash and will increase Li Ning’s net cash position by 25 per cent relative to the reported…
Hong Kong-listed Chinese sportswear brand Li-Ning has released the vaguest operational update of the year – but nevertheless, it’s clear the brand is still growing. A year after seemingly being down for the count, Li-Ning revealed a first half year profit in…
