Li-Ning Company and Mr. Li Ning will jointly hold 55% of the shares, while HongShan will hold 45%.

Matthew Friend stated that Nike remains the number one sports brand in China.

Goldwin opens Its third store in China at Jing’an Kerry Centre, Shanghai

Lululemon has opened its second pop-up store in Harbin, targeting Generation Z.

During the reporting period, Anta Group strengthened its innovation and research and development efforts, with R&D investment reaching RMB 919 million in the first half of the year, marking a 35.7% year-on-year increase. The proportion of R&D expenses to revenue also rose by 0.4 percentage points compared to the previous year.

The CEO of Adidas pointed out, “The supply chain will become more localized. China will become China’s China.”

Sales in the Asia-Pacific region, led by the Chinese Mainland, surged by 73.7% year-on-year to CHF 59.2 million, significantly outpacing the Americas (+24.8%) and Europe, the Middle East, and Africa (EMEA) (+21.8%). The region’s contribution to the brand’s overall sales increased to 10.4%, up from 7.7% in the same period last year.

Swedish outdoor apparel and equipment manufacturer Haglöfs AB has appointed Martin Daniels as Chief Executive Officer.

“China has long been an important market in VF Corporation’s global strategic landscape.”

Bjørn Gulden commented: “Given the improved business in Q2 we continue to raise our expectations and are now guiding for a full-year revenue increase in the high single digits and an operating profit of around € 1.0 billion.”