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  • Dec 18, 2014
  • Updated: 2:15pm

Li Ning

Li Ning is a Chinese gymnast and entrepreneur. In 1982, he won six of the seven medals awarded at the Sixth World Cup Gymnastic Competition, earning him the title "Prince of Gymnastics", and is most famous for winning 6 medals at the 1984 Summer Olympics, the first Olympics in which China participated. Li retired from sporting competition in 1988, and in 1990 he founded Li-Ning Company Ltd, which sells footwear and sporting apparel in China. Li remains chairman of the company's board of directors.

 

Yum, Li Ning take shine off retail

A Li Ning shoe is displayed in front of a promotional board at a shop in Beijing. Photo: Reuters

Traditional retailers are taking a hit recently, with fast-food operator KFC and sporting goods seller Li Ning (

Tuesday, 13 August, 2013, 6:14pm 1 comment

Li Ning pins hopes on changes after 184m yuan loss

Li Ning has closed about 400 stores that have underperformed in the past year. Photo: Simon Song

Li Ning, the mainland's leading sportswear brand, posted a loss of 184.24 million yuan (HK$233 million) for the first half of the year, but the management is optimistic things would improve, saying the worst is behind the company.

13 Aug 2013 - 4:10am

Li Ning suspends deal with Asafa Powell over doping

Chinese sportswear company Li-Ning has suspended its deal with Asafa Powell pending the outcome of a doping investigation. Photo: Reuters

The company said it had "great respect for his efforts and hard work" over the years but it was suspending its deal with the former 100-metre world-record holder pending the outcome of a doping investigation. The company said it had "great respect for his efforts and hard work" over the years but it was suspending its deal with the former 100-metre world-record holder pending the outcome of a doping investigation.

29 Aug 2013 - 4:13am

Speedier Li Ning revamp boosts hopes and shares

Li NIng sales have risen in the past three quarters. Photo: Bloomberg

Shares of sportswear retailer Li Ning surged to a four-month high yesterday after the company said it would complete its restructuring plan earlier than expected. The retailer said there would be no large-scale shop closures.

Yet an analyst said there had been no substantial improvement in the company's business and the recovery of the sportswear industry would be slow.

1 Jun 2013 - 4:19am

Soho China, Swire draw buyers in holiday week

Zhang Zhiyong

Buying and selling of their own company shares by directors were down for the holiday-shortened week of April 29 to May 3.

Buyers outweighed sellers, with 23 companies reporting 75 purchases worth HK$45.7 million, compared with 11 companies reporting 47 disposals worth HK$34.4 million.

6 May 2013 - 3:34am

Huge losses at Li Ning sow seeds of worry

Li Ning has slipped into the red, posting a 1.98 billion yuan (HK$2.45 billion) annual loss for 2012, down from a profit of 385.8 million yuan (HK$477.2 million) previously. Photo: Reuters

Li Ning, a leading sportswear retailer on the mainland, saw its shares fall more than 4 per cent yesterday after reporting bigger-than-expected losses for last year amid weak market conditions and a costly transformation plan.

27 Mar 2013 - 5:04am

Li Ning stumbles over costly makeover plan

Li Ning is struggling with weak sales and high inventory. Photo: Reuters

Li Ning Company tumbled yesterday after the sportswear retailer - struggling with weak sales and high inventory - announced it would raise HK$1.87 billion by issuing convertible securities to revive the brand.

The stock fell 16.2 per cent before closing down 15 per cent at HK$5.30 as investors found the company's makeover plan far more costly than they had anticipated.

26 Jan 2013 - 4:51am

Li Ning falls on warning of big full-year losses

Listed retailer Li Ning is warning of a substantial full-year loss amid restructuring of the company's sales network. Photo: Bloomberg

Sportswear retailer Li Ning fell more than 5 per cent yesterday after forecasting a large full-year loss and announcing a 1.8 billion yuan (HK$2.2 billion) plan to restructure sales channels.

The Beijing-based company said in a filing yesterday that the profit this year would "have a rather substantial decline compared to the previous year".

18 Dec 2012 - 2:33am

Sportswear retailer Li Ning faces harsh winter

Li Ning raised more investor concerns in the past week after its founder said he would sell a 25 per cent stake in the firm. Photo: Bloomberg

On a weekday this month at Huawei Centre, a popular shopping spot in Beijing's Xidan shopping district, sales assistants at a Li Ning shop are removing cotton-padded overcoats and down-filled garments from cartons and arranging them for sale. The range is not from the new winter collection, but is goods left over from last year.

22 Oct 2012 - 4:47am

Li Ning to cut stake in sportswear firm

Li Ning, the founder and chairman of Li Ning Co, appears to be reducing his involvement in the mainland sportswear retailer. Photo: AFP

Li Ning, the founder and chairman of Li Ning Co, plans to sell a 25 per cent stake in the mainland sportswear retailer to Viva China Holdings, a sports talent management firm under his family's control.

18 Oct 2012 - 4:47am

More woes at Li Ning as finance chief quits

Li Ning, the head of the sportswear retailer, which has been hit by a fall in customer demand after the Beijing Olympics. Photo: Reuters

The resignation of the chief financial officer at mainland sportswear retailer Li Ning adds uncertainty to a company already struggling with plunging sales and a weakened brand image.

The Beijing-based company said yesterday Chong Yik Kay had resigned, effective from November 1, but would remain as an adviser to the company.

14 Oct 2012 - 1:07pm

Sportswear firms set pace in Hong Kong market

Customers visit a Li Ning store in Beijing. Photo: Bloomberg

Sportswear retailers made a strong rebound on the stock market yesterday with investors betting they were likely to be among the first consumer-related sectors to recover from the economic downturn.

29 Sep 2012 - 2:32am

Retailers on the retreat

Li Ning shut 1,200 shops in the year to June. Like other traders, the sportswear firm is feeling the pain of weaker spending. Photo: Bloomberg

Mainland retailers from clothing to computers are reporting weaker sales growth, undermining Premier Wen Jiabao's goal of relying more on consumer spending for expansion as the economy cools.

30 Aug 2012 - 3:17am

Li Ning shares jump as boss exits

Li Ning shares jumped more than 10 per cent yesterday after the sportswear retailer announced its chief executive had stepped down and private-equity firm TPG Capital would get more involved in its daily operation.

The Beijing-based company said in a filing yesterday that chief executive Zhang Zhiyong had stepped down with effect from Wednesday.

6 Jul 2012 - 12:00am

Li Ning sales edge up in third quarter

Sports shoes and apparel maker Li Ning yesterday said same-store sales in the third quarter improved slightly, following a dramatic decline in earnings in the first half.

Same-store sales grew by 'a low single-digit' between July and September, from the same period last year. The pace of sales continued into the National Day holiday from October 1 to 7.

15 Oct 2011 - 12:00am

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