An Anta store in Shenzhen. The Chinese sportswear maker has been kitting out China’s Olympics team since 2016. Photo: CWH
An Anta store in Shenzhen. The Chinese sportswear maker has been kitting out China’s Olympics team since 2016. Photo: CWH

Winter Olympics partner Anta’s owner donates shares worth US$1.2 billion to charity amid China’s common prosperity push

  • The share transfer is part of Chinese tycoon Ding Shizhong and his family’s pledge to donate 10 billion yuan (US$1.6 billion) to Hemin Foundation
  • The donation will help the company’s image as it contributes to China’s common prosperity drive and meets investors demand on ESG, analyst says

An Anta store in Shenzhen. The Chinese sportswear maker has been kitting out China’s Olympics team since 2016. Photo: CWH
An Anta store in Shenzhen. The Chinese sportswear maker has been kitting out China’s Olympics team since 2016. Photo: CWH
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