https://www.scmp.com/rss/206772/feed Li Ning is a Chinese sportswear company founded by Li Ning, who is the company’s chairman and is known in China as the “Prince of Gymnastics” for winning six medals at the 1984 Summer Olympics. Li-Ning’s popularity surged in 2018 after it became the first Chinese sportswear maker to participate in New York Fashion Week, and as younger consumers warmed to the brand's patriotic designs. Besides its core brand, Li Ning also makes and sells products under the Double Happiness (table tennis), AIGLE... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Zhu Wenqian Zhu Wenqian Major Chinese consumer stocks listed in Hong Kong rose immediately after reporting strong full-year earnings, but retreated on Wednesday. Analysts said the results did not point to a broad recovery in the consumer market but instead underscored structural divergence and new growth drivers in mainland China consumption. Jeweller Laopu Gold posted stronger-than-expected results for 2025, with revenues of 27.3 billion yuan (US$4 billion) last year, a 221 per cent surge year on year, while net... https://www.scmp.com/business/banking-finance/article/3347779/china-consumer-stocks-jump-strong-earnings-analysts-warn-limited-recovery?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3347779/china-consumer-stocks-jump-strong-earnings-analysts-warn-limited-recovery?utm_source=rss_feed Wed, 25 Mar 2026 01:39:46 +0000 Cao Li Cao Li Hong Kong stocks fell on Thursday as the Middle East conflict showed no signs of ending and oil prices once again crossed US$100 a barrel. The Hang Seng Index closed 0.7 per cent lower at 25,716.76. The Hang Seng Tech Index fell 0.5 per cent. On the mainland, the CSI 300 Index eased 0.4 per cent and the Shanghai Composite Index shed 0.1 per cent. “Markets are currently pricing low-probability left-tail outcomes, driven by uncertainty around the length and escalation path of the US-Israel war on... https://www.scmp.com/business/markets/article/3346286/hong-kong-stocks-fall-oil-once-again-trades-near-us100?utm_source=rss_feed https://www.scmp.com/business/markets/article/3346286/hong-kong-stocks-fall-oil-once-again-trades-near-us100?utm_source=rss_feed Thu, 12 Mar 2026 02:23:48 +0000 Cao Li Cao Li China’s major sportswear makers have shrugged off soft consumer spending and a warm winter, according to analysts. Retail sales in China’s sportswear sector picked up in the first two months of 2026 and beat expectations, helped by fresh policy support and Chinese New Year demand, analysts said. Separately, Chinese households also tuned into the Winter Olympics, where domestic sportswear giants Li Ning and Anta had high visibility. “We are turning more positive on the China sportswear industry... https://www.scmp.com/business/article/3345011/warm-winter-no-match-chinas-sportswear-sector-posts-surprise-growth?utm_source=rss_feed https://www.scmp.com/business/article/3345011/warm-winter-no-match-chinas-sportswear-sector-posts-surprise-growth?utm_source=rss_feed Sun, 01 Mar 2026 10:00:18 +0000 Xiaofei Xu Xiaofei Xu With the Winter Olympics now under way in Milan and Cortina, Chinese brands involved in the Games are mounting an ambitious marketing push across Italy and Europe, with sportswear and sports equipment naturally taking centre stage. At the forefront is Li Ning, the company supplying the national team with clothing and gear for the competition after returning as the official partner of the Chinese Olympic Committee (COC) – a role that had previously ended in 2004. The partnership coincides with Li... https://www.scmp.com/economy/china-economy/article/3342687/chinese-sports-brands-set-sights-european-expansion-2026-winter-olympics?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3342687/chinese-sports-brands-set-sights-european-expansion-2026-winter-olympics?utm_source=rss_feed Sat, 07 Feb 2026 08:00:15 +0000 Cao Li Cao Li Hong Kong stocks rose on Tuesday as global investors broadened their focus beyond US markets, fuelling gains across Asian equities, while the yuan advanced to its strongest level against the US dollar since May 2023. The Hang Seng Index closed 0.9 per cent up at 26,848.47 after earlier gaining more than 2 per cent to 27,143 – its highest since last November. The Hang Seng Tech Index was little changed after advancing more than 2.4 per cent in the morning. On the mainland, the CSI 300 Index and... https://www.scmp.com/business/article/3339662/hong-kong-stocks-climb-yuan-hits-strongest-level-nearly-three-years?utm_source=rss_feed https://www.scmp.com/business/article/3339662/hong-kong-stocks-climb-yuan-hits-strongest-level-nearly-three-years?utm_source=rss_feed Tue, 13 Jan 2026 02:31:47 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Wednesday, tracking Wall Street’s rally, as investors grew more confident about earnings growth prospects despite fading expectations for near-term US rate cuts. The Hang Seng Index increased 0.2 per cent to 25,818.93 at the close of trading, erasing the 0.1 per cent loss recorded on Tuesday. The Hang Seng Tech Index climbed 0.4 per cent. On the mainland, the Shanghai Composite Index added 0.5 per cent while the CSI 300 Index lifted 0.3 per cent. Hong Kong’s stock market... https://www.scmp.com/business/china-business/article/3337558/hong-kong-stocks-rise-wall-street-rally-boosts-confidence-earnings-growth?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3337558/hong-kong-stocks-rise-wall-street-rally-boosts-confidence-earnings-growth?utm_source=rss_feed Wed, 24 Dec 2025 02:09:51 +0000 Yulu Ao Yulu Ao Hong Kong stocks ended lower on Tuesday, reversing early gains, as investors booked profits, offsetting optimism that the rally could extend into next year. The Hang Seng Index closed 0.1 per cent lower at 25,774.14, after rising as much as 0.5 per cent earlier. The Hang Seng Tech Index fell 0.7 per cent. On the mainland, the CSI 300 Index climbed 0.2 per cent and the Shanghai Composite Index gained 0.1 per cent. Technology heavyweights weighed on the index. Short-video sharing platform Kuaishou... https://www.scmp.com/business/china-business/article/3337414/hong-kong-stocks-climb-santa-rally-extends-second-day?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3337414/hong-kong-stocks-climb-santa-rally-extends-second-day?utm_source=rss_feed Tue, 23 Dec 2025 02:39:57 +0000 Zhu Wenqian Zhu Wenqian Alex Chen – a Beijing office worker in his late 30s – used to buy his trainers the way plenty of Chinese millennials did: by the swoosh, the stripes and the logo. As a teenager, he would hunt down Nike and Adidas basketball shoes, pulled in as much by the mythology as the materials. These days, he said, he shops differently. “I have always been a huge basketball fan of Michael Jordan and Kobe Bryant,” he said. “Back then, I would specifically seek out Nike and Adidas basketball shoes – wearing a... https://www.scmp.com/business/china-business/article/3337213/swoosh-local-nike-loses-ground-china-domestic-rivals-start-sprint?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3337213/swoosh-local-nike-loses-ground-china-domestic-rivals-start-sprint?utm_source=rss_feed Mon, 22 Dec 2025 00:30:11 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks rebounded from a three-week low in a late rally on Wednesday, as traders weighed the prospects of monetary easing after a mixed reading on the US payroll report. The Hang Seng Index rose 0.9 per cent to 25,468.78 at the close after swinging between gains and losses during most of the day’s trading. The Hang Seng Tech Index gained 1 per cent. On the mainland, the CSI 300 Index climbed 1.8 per cent and the Shanghai Composite Index added 1.2 per cent. China Life Insurance jumped... https://www.scmp.com/business/china-business/article/3336699/hong-kong-stocks-trade-sideways-investors-weigh-rate-cut-odds-after-mixed-us-job-data?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3336699/hong-kong-stocks-trade-sideways-investors-weigh-rate-cut-odds-after-mixed-us-job-data?utm_source=rss_feed Wed, 17 Dec 2025 02:29:47 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks edged up on Thursday as softer data on the US jobs market reinforced bets on an interest-rate cut next week. The Hang Seng Index rose 0.7 per cent to 25,935.90 at the close, after fluctuating between gains and losses in morning trading. The Hang Seng Tech Index rallied 1.5 per cent. On the mainland, the CSI 300 Index gained 0.3 per cent and the Shanghai Composite Index slipped 0.1 per cent. Gold producer Zijin Mining Group advanced 1.3 per cent to HK$33.20, mirroring recent... https://www.scmp.com/business/china-business/article/3335134/hong-kong-stocks-take-breather-investors-look-fresh-catalysts-after-rally?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3335134/hong-kong-stocks-take-breather-investors-look-fresh-catalysts-after-rally?utm_source=rss_feed Thu, 04 Dec 2025 02:20:30 +0000 Bloomberg Bloomberg Chinese sports apparel company Anta Sports Products is among firms exploring a potential takeover of Puma, according to people familiar with the matter. Hong Kong-listed Anta has been working with an adviser to evaluate a bid for Puma, said the people who asked not to be identified because the information was private. The company might team up with a private equity firm if it decided to move forward with an offer, some of the people said. Other potential bidders could include rival Chinese... https://www.scmp.com/business/companies/article/3334319/chinas-anta-considers-bid-german-sportswear-rival-puma-amid-62-stock-slump-sources?utm_source=rss_feed https://www.scmp.com/business/companies/article/3334319/chinas-anta-considers-bid-german-sportswear-rival-puma-amid-62-stock-slump-sources?utm_source=rss_feed Thu, 27 Nov 2025 05:51:13 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Monday as US-China trade tensions were soothed after Beijing said it would suspend new export controls on rare earth metals and terminate investigations into US firms in the semiconductor supply chain. The Hang Seng Index closed 1 per cent higher at 26,158.36. The Hang Seng Tech Index added 0.2 per cent. On the mainland, the CSI 300 Index strengthened 0.3 per cent and the Shanghai Composite Index added 0.5 per cent. Leading the gainers, online travel-booking agency... https://www.scmp.com/business/china-business/article/3331270/hong-kong-stocks-rise-trade-agreement-soothes-fears-rare-earths-chips?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3331270/hong-kong-stocks-rise-trade-agreement-soothes-fears-rare-earths-chips?utm_source=rss_feed Mon, 03 Nov 2025 02:21:15 +0000 Zhang Shidong Zhang Shidong The rally that lifted Hong Kong stocks to a three-week high took a respite on Tuesday, as investors awaited the high-stakes sit-down between President Xi Jinping and his US counterpart Donald Trump. The Hang Seng Index fell 0.3 per cent to 26,346.14 at the close. The Hang Seng Tech Index slid 1.3 per cent. Hong Kong’s market will be closed on Wednesday for a public holiday. On the mainland, the CSI 300 Index dropped 0.5 per cent. The Shanghai Composite Index lost 0.2 per cent, reversing a gain... https://www.scmp.com/business/china-business/article/3330549/hong-kong-stock-rally-pauses-after-rising-3-week-high-xi-trump-meeting-looms?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3330549/hong-kong-stock-rally-pauses-after-rising-3-week-high-xi-trump-meeting-looms?utm_source=rss_feed Tue, 28 Oct 2025 02:18:59 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Thursday, as investors looked for signs of easing geopolitical tensions following US leader Donald Trump’s remarks that he had a “pretty long meeting scheduled” in South Korea with Chinese President Xi Jinping next week. The Hang Seng Index climbed 0.7 per cent to 25,967.98 at the close of trading, after falling by 0.4 per cent earlier. The Hang Seng Tech Index gained 0.5 per cent. On the mainland, the CSI 300 Index lifted 0.3 per cent and the Shanghai Composite Index... https://www.scmp.com/business/china-business/article/3329999/hong-kong-stocks-slip-investors-look-signs-easing-global-tensions?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3329999/hong-kong-stocks-slip-investors-look-signs-easing-global-tensions?utm_source=rss_feed Thu, 23 Oct 2025 02:40:24 +0000 Paul McNamara Paul McNamara One of Hong Kong’s senior athletics chiefs said he was convinced the local association had selected its strongest squad for the National Games next month, despite the exclusion of leading marathon runner Wong Wan-chun. The 29-year-old Wong, who holds the city’s marathon, half-marathon and 10km records, quit the Hong Kong team in April 2023 to accept a sponsorship deal with sportswear brand Li-Ning. He later appeared to annoy local athletics officials when he organised his own accommodation for... https://www.scmp.com/sport/hong-kong/article/3328916/hong-kong-athletics-chief-happy-national-games-squad-despite-missing-record-breaker?utm_source=rss_feed https://www.scmp.com/sport/hong-kong/article/3328916/hong-kong-athletics-chief-happy-national-games-squad-despite-missing-record-breaker?utm_source=rss_feed Tue, 14 Oct 2025 09:30:08 +0000 Paul McNamara Paul McNamara The ongoing exile of distance runner Wong Wan-chun from the Hong Kong athletics team began after decisions he made about sponsorship and World University Games accommodation. His relations with the Hong Kong, China Association of Athletics Affiliates (HKAAA) soured to the extent that communication broke down in the lead-up to last year’s Olympics in Paris, from which Wong was absent. Meetings this year with HKAAA officials have yet to result in the city’s marathon, half-marathon and 10km record... https://www.scmp.com/sport/hong-kong/article/3326209/why-hong-kongs-fastest-marathon-runner-was-exiled-athletics-chiefs?utm_source=rss_feed https://www.scmp.com/sport/hong-kong/article/3326209/why-hong-kongs-fastest-marathon-runner-was-exiled-athletics-chiefs?utm_source=rss_feed Sat, 20 Sep 2025 01:00:13 +0000 Paul McNamara Paul McNamara Hong Kong’s best marathon, half-marathon and 10km runner Wong Wan-chun has accused the city’s athletics association of stalling his career. While the World Athletics Championships take place in Tokyo this week, Wong, 29, is absent and in limbo. He initially quit the Hong Kong team in 2023 for a commercial agreement with Li-Ning that paid him about five times his income from the Hong Kong Sports Institute (HKSI). Wong then appeared to anger officials by arranging his own accommodation at the 2023... https://www.scmp.com/sport/hong-kong/article/3326206/hong-kongs-top-marathon-runner-misses-tokyo-world-championships-amid-rift-hkaaa?utm_source=rss_feed https://www.scmp.com/sport/hong-kong/article/3326206/hong-kongs-top-marathon-runner-misses-tokyo-world-championships-amid-rift-hkaaa?utm_source=rss_feed Fri, 19 Sep 2025 23:30:08 +0000 Paul McNamara Paul McNamara Crowd favourite Chou Tien-chen said he had no excuses for his agonising Saturday night Li-Ning Hong Kong Open semi-final defeat by unseeded Lakshya Sen. Taiwan’s Chou, the No 3 seed, who has returned to the elite end of his sport following a cancer diagnosis two years ago, lost 23-21, 22-20 in a gripping 56-minute clash with tenacious Indian Sen. Li Shifeng of China, the No 2 seed, overcame France’s Christo Popov 21-18, 21-19 in the other last-four clash. Chou was furious that Sen got away with... https://www.scmp.com/sport/hong-kong/article/3325448/crowd-favourite-and-cancer-survivor-chou-tien-chen-suffers-agonising-hong-kong-open-loss?utm_source=rss_feed https://www.scmp.com/sport/hong-kong/article/3325448/crowd-favourite-and-cancer-survivor-chou-tien-chen-suffers-agonising-hong-kong-open-loss?utm_source=rss_feed Sat, 13 Sep 2025 13:37:41 +0000 Lars Hamer Lars Hamer Michelle Li might have progressed to the semi-finals of the Li-Ning Hong Kong Open, but she also had other things on her mind this week, such as sampling local delicacies and visiting “my 50 cousins”. Canada’s top badminton player, who beat American Zhang Beiwen 16-21, 22-20, 21-17 at the Coliseum on Friday, was born in Hong Kong but moved to North America aged six, and it was there she first picked up a racquet. Early in her career, the 33-year-old decided she would try to compete at the Hong... https://www.scmp.com/sport/china/article/3325341/canadian-michelle-li-badminton-dim-sum-and-meeting-50-family-members-hong-kong?utm_source=rss_feed https://www.scmp.com/sport/china/article/3325341/canadian-michelle-li-badminton-dim-sum-and-meeting-50-family-members-hong-kong?utm_source=rss_feed Fri, 12 Sep 2025 11:00:09 +0000 Yuke Xie Yuke Xie Chinese sportswear and equipment maker Li Ning posted a drop in interim profit, as weak consumer sentiment weighed on spending and intensifying industry competition squeezed profitability, with management warning of “stronger-than-expected” challenges in the second half. Net profit for the six months to June fell 11 per cent to 1.74 billion yuan US$241.9 million from a year ago under global accounting standards, according to a statement late on Thursday. Sales rose 3 per cent to 14.82 billion... https://www.scmp.com/business/china-business/article/3322765/li-nings-interim-profit-dips-11-amid-tough-competition-mainlands-sportswear-market?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3322765/li-nings-interim-profit-dips-11-amid-tough-competition-mainlands-sportswear-market?utm_source=rss_feed Fri, 22 Aug 2025 06:26:24 +0000 Paul McNamara Paul McNamara Organisers of the Li-Ning Hong Kong Open have staged a coup by persuading double badminton Olympic champion Viktor Axelsen to defend his title when the tournament returns next month. Last year, in his first competition after claiming his second straight Olympic gold in Paris, Denmark’s Axelsen broke his Hong Kong duck by beating China’s Lei Lanxi in a one-sided final. For this year’s event, set for Hong Kong Coliseum from September 9 to 14, Axelsen will be joined in a loaded men’s draw by... https://www.scmp.com/sport/hong-kong/article/3320849/double-olympic-champion-viktor-axelsen-set-chase-record-hong-kong-open-jackpot?utm_source=rss_feed https://www.scmp.com/sport/hong-kong/article/3320849/double-olympic-champion-viktor-axelsen-set-chase-record-hong-kong-open-jackpot?utm_source=rss_feed Tue, 05 Aug 2025 12:00:07 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Tuesday after China’s second-quarter economic growth came in above expectations. The Hang Seng Index closed 1.6 per cent higher at 24,590.12, adding to the 0.3 per cent increase on Monday. The Hang Seng Tech Index rose 2.8 per cent. On the mainland, the Shanghai Composite Index slipped 0.5 per cent, while the CSI 300 Index was little changed. E-commerce giant Alibaba Group Holding added 7 per cent to HK$113.50, while online games provider NetEase rose 3.4 per cent to... https://www.scmp.com/business/china-business/article/3318218/hong-kong-stocks-surge-chinas-second-quarter-growth-exceeds-expectations?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3318218/hong-kong-stocks-surge-chinas-second-quarter-growth-exceeds-expectations?utm_source=rss_feed Tue, 15 Jul 2025 02:45:39 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks rose on Friday, paring the week’s losses as China’s decision to stand pat on a benchmark interest rate offered optimism that a recovery in the world’s second-largest economy would hold up. The Hang Seng Index climbed 1.3 per cent to 23,530.48 at the close. The Hang Seng Tech Index gained 0.9 per cent. On the mainland, the CSI 300 Index added 0.1 per cent, and the Shanghai Composite Index slipped 0.1 per cent. Among leading gainers on the benchmark, sportswear maker Li Ning... https://www.scmp.com/business/china-business/article/3315143/hong-kong-stocks-gain-pbocs-benchmark-rate-choice-spurs-optimism-economy?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3315143/hong-kong-stocks-gain-pbocs-benchmark-rate-choice-spurs-optimism-economy?utm_source=rss_feed Fri, 20 Jun 2025 02:23:23 +0000 Ann Cao Ann Cao Apple, Huawei Technologies and Xiaomi lead mainland China’s top brands based on domestic consumers’ online purchase behaviour, according to the first such ranking carried out by Peking University in Beijing. With the support of Taobao and Tmall Group (TTG), the domestic e-commerce unit of Alibaba Group Holding, the university released its findings on Wednesday in a report that featured “China’s Top 500 Online Consumer Brands List”. Alibaba owns the South China Morning Post. The rankings showed... https://www.scmp.com/tech/tech-trends/article/3311381/apple-huawei-xiaomi-lead-chinas-top-500-ranking-consumer-brands-report-finds?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3311381/apple-huawei-xiaomi-lead-chinas-top-500-ranking-consumer-brands-report-finds?utm_source=rss_feed Thu, 22 May 2025 13:00:11 +0000 Yating Yang Yating Yang Chinese sportswear giant Li-Ning is facing a public backlash and a wave of product returns after young diving sensation Quan Hongchan was placed on the sidelines rather than at the centre of a recent group photograph. The positioning row has sparked accusations of opportunism, with critics accusing the brand of initially capitalising on Quan’s popularity for marketing purposes, but sidelining her after she lost to Chen Yuxi, her teammate and rival. Quan has a massive fan base both in China and... https://www.scmp.com/news/people-culture/china-personalities/article/3310183/china-sports-brand-sparks-outrage-after-diving-queen-quan-hongchan-sidelined-event-photo?utm_source=rss_feed https://www.scmp.com/news/people-culture/china-personalities/article/3310183/china-sports-brand-sparks-outrage-after-diving-queen-quan-hongchan-sidelined-event-photo?utm_source=rss_feed Wed, 14 May 2025 10:00:13 +0000 Samer Elhajjar  Samer Elhajjar  As tariff pressures mount and the global order grows increasingly fragmented, China faces a pivotal challenge, not merely in how to navigate external shocks but how to strengthen itself from within. US-China trade tensions have only accelerated a deeper transition already under way. For years, Chinese policymakers recognised the vulnerabilities of export-reliant growth – overexposed to global cycles, dependent on foreign demand and reactive to international policy shifts. With rising... https://www.scmp.com/opinion/china-opinion/article/3309415/chinese-consumers-buying-local-has-become-statement-national-pride?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3309415/chinese-consumers-buying-local-has-become-statement-national-pride?utm_source=rss_feed Sun, 11 May 2025 01:30:14 +0000 Aileen Chuang Aileen Chuang Hong Kong stocks rose slightly on Tuesday, as traders kept an eye on the latest developments in the US-China tariff talks and corporate results to assess the impact of the ongoing trade war. The Hang Seng Index closed 0.2 per cent higher at 22,008.11. The Hang Seng Tech Index gained 0.6 per cent. On the mainland, the CSI 300 Index dropped 0.2 per cent and the Shanghai Composite Index fell 0.1 per cent. Chinese biotech firm WuXi AppTec rose 4.2 per cent to HK$60.65 after net income beat analysts’... https://www.scmp.com/business/markets/article/3308288/hong-kong-stocks-rise-investors-await-earnings-hsbc-icbc-china-construction-bank?utm_source=rss_feed https://www.scmp.com/business/markets/article/3308288/hong-kong-stocks-rise-investors-await-earnings-hsbc-icbc-china-construction-bank?utm_source=rss_feed Tue, 29 Apr 2025 02:40:01 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks slid to a four-week low on Monday as investor worries about US President Donald Trump’s reciprocal tariffs outweighed the positive impacts of an official report showing an expansion in China’s manufacturing industry and Beijing’s effort to recapitalise the banking sector. The Hang Seng Index fell 1.3 per cent to 23,119.58 at the close, a level not seen since March 4. The Hang Seng Tech Index dropped 2 per cent. On the mainland, the CSI 300 Index sank 0.7 per cent, and the... https://www.scmp.com/business/china-business/article/3304510/hong-kong-stocks-retreat-4-month-low-trumps-reciprocal-tariffs-draw-near?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3304510/hong-kong-stocks-retreat-4-month-low-trumps-reciprocal-tariffs-draw-near?utm_source=rss_feed Mon, 31 Mar 2025 02:26:58 +0000 Yuke Xie Yuke Xie Chinese sportswear giant Li Ning hopes to “ride the wave” of the Paris Olympics in an effort to attract more customers, after posting an 8 per cent profit decline amid an uncertain economic outlook. The Beijing-headquartered company posted a profit of 1.95 billion yuan (US$217.7 million) for the six months ended June, according to a filing to the Hong Kong stock exchange on Friday. Revenue rose 2.3 per cent year on year to 14.3 billion yuan. The country’s biggest sportswear manufacturer lowered... https://www.scmp.com/business/banking-finance/article/3274724/chinas-li-ning-feels-pain-consumption-slowdown-first-half-profit-slips-8?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3274724/chinas-li-ning-feels-pain-consumption-slowdown-first-half-profit-slips-8?utm_source=rss_feed Fri, 16 Aug 2024 06:15:50 +0000 A wave of companies leaving the Hong Kong’s stock market, either by privatisation or voluntary delisting, is gathering pace because they are not getting the valuations they deserved. This week, CIMC Vehicles, one of China’s top truck manufacturers, offered HK$1.1 billion (US$140 million) to buy back all its own Hong Kong-listed shares not held by its major shareholder and delist from the exchange. Chinese sportswear giant Li Ning is being taken private by its eponymous founder after a 70 per... https://www.scmp.com/business/markets/article/3255264/hong-kong-take-private-deals-soar-cheap-valuations-tempt-investors-company-buy-outs?utm_source=rss_feed https://www.scmp.com/business/markets/article/3255264/hong-kong-take-private-deals-soar-cheap-valuations-tempt-investors-company-buy-outs?utm_source=rss_feed Thu, 14 Mar 2024 00:30:13 +0000 Chinese billionaire entrepreneur and Olympic champion Li Ning is considering taking his namesake sportswear company private from the Hong Kong stock exchange, four people said, adding to a string of such potential deals in a faltering market. Li is considering leading a consortium to buy out Li Ning Co, which had a market capitalisation of HK$52.85 billion (US$6.8 billion) as of Monday, said the people, who have knowledge of the matter. Li, 61, founded Li Ning Co a few years after retiring from... https://www.scmp.com/business/china-business/article/3255089/chinas-olympic-gymnast-li-ning-mulls-buying-out-his-sportswear-company-ailing-hong-kong-market-spurs?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3255089/chinas-olympic-gymnast-li-ning-mulls-buying-out-his-sportswear-company-ailing-hong-kong-market-spurs?utm_source=rss_feed Tue, 12 Mar 2024 08:40:22 +0000 Amer Sports, the maker of Wilson tennis racquets and Salomon ski boots, is seeking to raise as much as US$1.8 billion in a US initial public offering, according to people familiar with the matter. The company could market about 100 million shares in a range of US$16 to US$18 each, the people said, asking not to be identified as the information is private. Terms of the potential offering may be announced as soon as in the coming days, the people said. Details of the share sale including size and... https://www.scmp.com/business/markets/article/3249306/amer-sports-owner-wilson-and-salomon-brands-mulls-raising-us18-billion-us-ipo-sources-say?utm_source=rss_feed https://www.scmp.com/business/markets/article/3249306/amer-sports-owner-wilson-and-salomon-brands-mulls-raising-us18-billion-us-ipo-sources-say?utm_source=rss_feed Mon, 22 Jan 2024 05:23:48 +0000 The seemingly relentless decline in prices of Chinese goods amid tepid consumer demand is denting expectations that corporate earnings can revive the flagging stock market. From electric vehicles (EVs) to fast food, companies are engaging in a battle of promotions aimed at luring customers who are spooked by dim job prospects and have seen a persistent property slump hurt wealth creation. Consumer prices fell for a third-straight month in December, the longest streak since 2009, deepening... https://www.scmp.com/business/china-business/article/3248377/china-price-wars-help-spark-us157-billion-rout-mainland-consumer-stocks-firms-including-alibaba-yum?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3248377/china-price-wars-help-spark-us157-billion-rout-mainland-consumer-stocks-firms-including-alibaba-yum?utm_source=rss_feed Sun, 14 Jan 2024 08:17:37 +0000 Li Ning, China’s biggest sportswear manufacturer, bought a 25-storey mixed office and retail building in North Point from Henderson Land for HK$2.2 billion (US$282 million), to house its headquarters in Hong Kong, in what is seen as a shot in the arm for the city’s slowing office property market. Li Ning’s acquisition of the property comes at a challenging time for Hong Kong’s property sector, particularly the office segment, which is grappling with record-high vacancy rates. The building, known... https://www.scmp.com/business/article/3244619/mainland-chinas-li-ning-buys-henderson-lands-harbour-east-us282-million-house-its-hong-kong?utm_source=rss_feed https://www.scmp.com/business/article/3244619/mainland-chinas-li-ning-buys-henderson-lands-harbour-east-us282-million-house-its-hong-kong?utm_source=rss_feed Mon, 11 Dec 2023 04:47:33 +0000 Chinese sportswear retailer Li Ning is under pressure to achieve its annual sales target and will focus on the performance of its offline stores after its profit declined in the first half of the year amid an economic recovery that fell short of expectations. Net profit in the six months to June 30 fell 3 per cent year on year to 2.12 billion yuan (US$293 million), the company reported on Friday. Revenue increased 13 per cent to 14 billion yuan, but gross profit margin fell 1.2 percentage points... https://www.scmp.com/business/china-business/article/3230835/chinese-sportswear-retailer-li-ning-under-pressure-after-profit-decline-amid-slower-expected?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3230835/chinese-sportswear-retailer-li-ning-under-pressure-after-profit-decline-amid-slower-expected?utm_source=rss_feed Fri, 11 Aug 2023 12:00:13 +0000 Shares in Chinese sportswear maker Li Ning dropped by the most in a year as it reported weaker-than-expected earnings for 2022, citing Covid-19 challenges that led to discounts and ballooning inventory. Li Ning’s net profit increased 1.3 per cent year on year to 4.06 billion yuan (US$590 million) for the year ended December 31, below the 4.17 billion yuan the market expected. Revenue increased 14.3 per cent to 25.8 billion yuan, while gross profit margin fell 4.6 percentage points to 48.4 per... https://www.scmp.com/business/china-business/article/3213914/li-ning-shares-lose-10-cent-chinese-sportswear-brand-reports-weaker-expected-2022-profits?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3213914/li-ning-shares-lose-10-cent-chinese-sportswear-brand-reports-weaker-expected-2022-profits?utm_source=rss_feed Fri, 17 Mar 2023 10:03:15 +0000 Tsim Sha Tsui’s Canton Road – once buzzing with tourists – has over the past two years become largely deserted, as the border between Hong Kong and mainland China remained closed to stem the spread of the coronavirus pandemic. In recent months, however, this retail haven has been showing signs of recovery, with Chinese and western brands choosing the district for flagship stores or the expansion of their current foot print despite the continued absence of tourists. There are several likely... https://www.scmp.com/business/article/3191560/li-ning-dior-among-luxury-brands-flocking-canton-road-iconic-tsim-sha-tsui?utm_source=rss_feed https://www.scmp.com/business/article/3191560/li-ning-dior-among-luxury-brands-flocking-canton-road-iconic-tsim-sha-tsui?utm_source=rss_feed Tue, 06 Sep 2022 11:05:18 +0000 Hong Kong-listed Chinese sportswear brand Li Ning wants to improve customers’ shopping experience by selling coffee at its mainland stores, and has applied to register the “Ning Coffee” trademark. According to the China National Intellectual Property Administration (CNIPA), Li Ning Sports (Shanghai), a subsidiary of the company, applied for the trademark under the services category to provide food, drink and temporary accommodation on April 15. The application is currently being reviewed by the... https://www.scmp.com/business/china-business/article/3177235/can-sportswear-brand-li-ning-take-starbucks-luckin-after?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3177235/can-sportswear-brand-li-ning-take-starbucks-luckin-after?utm_source=rss_feed Wed, 11 May 2022 06:30:12 +0000 Chinese sportswear maker Xtep International, owner of K-Swiss, is betting on inflation and weaker consumption in the country to boost demand for its low-priced trainers and expand its share in China’s fast-growing sports apparel market. The company based in southeastern China’s Fujian province will ramp up expansion in the mainland’s lower-tier cities to promote its budget merchandise to a growing number of sports fans, according to chief financial officer Ricky Yeung. “We believe that an... https://www.scmp.com/business/china-business/article/3173771/k-swiss-chinese-owner-xtep-shrugs-omicron-outbreak-chases?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3173771/k-swiss-chinese-owner-xtep-shrugs-omicron-outbreak-chases?utm_source=rss_feed Mon, 11 Apr 2022 02:00:30 +0000 Li Ning, one of China’s largest athletic brands named after the triple-gold Olympic gymnast, said on Friday that the country’s recent Covid-19 outbreaks were adversely affecting sales. Sales growth had narrowed from 35 to 40 per cent earlier in the first quarter to 15-20 per cent this week, Terence Tsang Wah-fung, the company’s chief financial officer, said during a results briefing. Revenue growth and profit margin for 2022 were expected to be 15 to 25 per cent and 15 to 20 per cent,... https://www.scmp.com/business/article/3170993/chinese-athletic-brand-li-ning-reports-jump-profit-2021-says-covid-19?utm_source=rss_feed https://www.scmp.com/business/article/3170993/chinese-athletic-brand-li-ning-reports-jump-profit-2021-says-covid-19?utm_source=rss_feed Fri, 18 Mar 2022 09:45:11 +0000 Li Ning, the triple-gold Olympic medallist in gymnastics, said his namesake company has not found any forced labour in its supply chain, defending one of China’s largest athletic brands after its exports were banned this week by US customs. “During the operation and review process, the group has not discovered any cases of forced labour in the supplier management system,” Li said in a statement to Hong Kong’s stock exchange, where the shares of Li Ning Company Limited are traded. The company... https://www.scmp.com/business/article/3170808/li-ning-refutes-us-claim-using-north-korean-forced-labour-its-supply-chain?utm_source=rss_feed https://www.scmp.com/business/article/3170808/li-ning-refutes-us-claim-using-north-korean-forced-labour-its-supply-chain?utm_source=rss_feed Thu, 17 Mar 2022 08:03:09 +0000 The US customs agency has banned all goods made by the Chinese sportswear giant Li-Ning, accusing the company of using North Korean labour in its supply chain, a violation of US sanctions. It is the latest move from Washington to crack down on China’s apparel sector over suspected human rights abuses, this time under the authority of a five-year-old sanctions law targeting Pyongyang. “[The law] is yet another tool in CBP’s trade enforcement arsenal that allows us to uphold the fundamental value... https://www.scmp.com/news/china/article/3170606/us-bans-import-all-li-ning-products-citing-use-north-korean-labour?utm_source=rss_feed https://www.scmp.com/news/china/article/3170606/us-bans-import-all-li-ning-products-citing-use-north-korean-labour?utm_source=rss_feed Tue, 15 Mar 2022 21:51:03 +0000 China’s winter sports industry is basking in the afterglow of the country’s successful hosting of the Winter Olympics last month. The number of people who have taken to ski slopes and skating rinks, inspired by the spectacle of medal-winning skills they had observed in Beijing, has far exceeded the government’s wildest forecasts Up to 346 million people are taking part in winter sports, according to the National Bureau of Statistics, surpassing the 300 million target set by President Xi Jinping... https://www.scmp.com/business/china-business/article/3170270/chinas-winter-sports-scene-booms-eileen-gus-olympic-glory?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3170270/chinas-winter-sports-scene-booms-eileen-gus-olympic-glory?utm_source=rss_feed Sun, 13 Mar 2022 02:00:31 +0000 The 24th Winter Olympics in Beijing has catapulted dozens of Chinese brands into the global limelight, giving them unprecedented airtime to showcase their stuff on the world stage as 91 teams compete in the largest winter sports event. Here are the top companies and brands across a multitude of industries that are basking under the limelight, as official sponsors and advertisers. Anta Sports Products Anta is the official sportswear provider of the Beijing 2022 Winter Olympics from February 4... https://www.scmp.com/business/china-business/article/3166500/winter-olympics-eileen-gu-propels-anta-midea-global?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3166500/winter-olympics-eileen-gu-propels-anta-midea-global?utm_source=rss_feed Thu, 10 Feb 2022 09:30:20 +0000 Li Ning, China’s biggest sportswear manufacturer, is seeking to raise HK$10.4 billion (US$1.35 billion) from a stock placement involving its major owner, triggering a sell-off at the same time after brokerage KGI Securities downgraded key players in the sector. The company proposed to issue 120 million new shares at HK$87.50 each to its major shareholder Viva China under a top-up stock issue, according to a Hong Kong stock exchange filing on Thursday. The proceeds will help fund an overseas... https://www.scmp.com/business/companies/article/3154015/li-ning-raising-us13-billion-fresh-capital-fund-overseas?utm_source=rss_feed https://www.scmp.com/business/companies/article/3154015/li-ning-raising-us13-billion-fresh-capital-fund-overseas?utm_source=rss_feed Thu, 28 Oct 2021 08:30:15 +0000 The compiler of Hong Kong’s main stock index added a mixed bag of consumer, finance and manufacturing firms to the Hang Seng benchmark during its quarterly review, avoiding most of the internet and Big Tech companies targeted by China’s regulators. Chinese sportswear retailer Li Ning, glassmaker Xinyi Glass Holdings and China Merchants Bank will become constituent stocks of the Hang Seng Index from next month, Hang Seng Indexes said in a statement on Friday. It will remove Bank of Communications... https://www.scmp.com/business/banking-finance/article/3145828/hang-seng-index-revamp-sees-inclusion-li-ning-xinyi-glass?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3145828/hang-seng-index-revamp-sees-inclusion-li-ning-xinyi-glass?utm_source=rss_feed Fri, 20 Aug 2021 11:56:49 +0000 Li-Ning Company, the Hong Kong-listed mainland Chinese sportswear brand, wants to take on global competitors after seizing market leadership in the booming sports industry at home. The company will seize new opportunities to expand and “develop its brand from a Chinese brand to an internationally recognised top-class global, fashionable and professional sports brand”, former Olympian Li Ning, who is the brand’s executive chairman and joint CEO, said in a statement reporting its six-month... https://www.scmp.com/business/companies/article/3144926/hong-kong-listed-chinese-sportswear-brand-li-ning-says-mainland?utm_source=rss_feed https://www.scmp.com/business/companies/article/3144926/hong-kong-listed-chinese-sportswear-brand-li-ning-says-mainland?utm_source=rss_feed Fri, 13 Aug 2021 08:30:19 +0000 For Chinese director Zhang Yimou and well-known actor Ni Dahong, track suits were the attire of choice for a red carpet premiere in late April, although as this came just a month after a nationwide boycott of H&M, Adidas and Nike, the decision behind the wardrobe selection was viewed as more than just a fashion statement. With fellow cast members from the sky thriller Cliff Walkers choosing for more traditional suits, blazers and ties, Zhang opted for an Anta track suit with the Chinese flag... https://www.scmp.com/economy/china-economy/article/3142815/chinas-domestic-brands-boom-fuelled-nationalism-li-ning-anta?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3142815/chinas-domestic-brands-boom-fuelled-nationalism-li-ning-anta?utm_source=rss_feed Wed, 28 Jul 2021 05:30:18 +0000 Chinese consumers emptied the inventory of China Hongxing Sports after it donated cash and goods to victims of floods in central Henan province, earning goodwill and an unexpected endorsement from smartphone billionaire Lei Jun. The sportswear maker donated 50 million yuan (US$7.7 million) to join scores of companies and billionaires to support efforts to rescue and alleviate the crisis, which killed at least 63 people and affected more than 11 million in the province. The combined effects of... https://www.scmp.com/business/companies/article/3142589/xiaomi-founder-lei-juns-endorsement-nationalistic-fervour-lift?utm_source=rss_feed https://www.scmp.com/business/companies/article/3142589/xiaomi-founder-lei-juns-endorsement-nationalistic-fervour-lift?utm_source=rss_feed Mon, 26 Jul 2021 23:30:20 +0000 The Indian Olympic Association’s decision to drop Chinese sportswear giant Li-Ning as their official partner for the Tokyo 2020 Olympics next month has been met with a response from China’s foreign ministry, risking the issue becoming another source of tension between the countries. “We hope India can view regular cooperation between countries objectively and fairly, and avoid politicising the issue,” Chinese foreign ministry spokesman Wang Wenbin said this week. This comes despite the IOA... https://www.scmp.com/sport/china/article/3136925/tokyo-2020-olympics-india-drops-chinese-brand-li-ning-after-public?utm_source=rss_feed https://www.scmp.com/sport/china/article/3136925/tokyo-2020-olympics-india-drops-chinese-brand-li-ning-after-public?utm_source=rss_feed Fri, 11 Jun 2021 07:41:42 +0000