People walk past a Li-Ning store in Beijing. Photo: AFP
People walk past a Li-Ning store in Beijing. Photo: AFP

Li Ning seeks US$1.3 billion in fresh capital to fund overseas expansion as growth at home cools

  • China’s biggest sportswear maker to issue 120 million new shares under a sale and top-up plan involving major shareholder Viva China
  • Li Ning’s net profit nearly triples to US$306 million in the first half as revenues surge 65 per cent

People walk past a Li-Ning store in Beijing. Photo: AFP
People walk past a Li-Ning store in Beijing. Photo: AFP
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