Sales in the Adidas store on Alibaba Group Holding’s Tmall – China’s largest business-to-consumer e-commerce platform – slumped by 78 per cent in April. Photo: SCMP
Adidas, Nike see online sales plunge in China amid Xinjiang boycott although analysts say trend could be short-lived
- Mainland consumers turn to Chinese sportswear competitors, such as Anta Sports Products and Li Ning, amid furore over Xinjiang cotton
- Online sales plunge for Western sports brands in China underlines dilemma over use of Xinjiang cotton but analysts say trend could be temporary
Sales in the Adidas store on Alibaba Group Holding’s Tmall – China’s largest business-to-consumer e-commerce platform – slumped by 78 per cent in April. Photo: SCMP