All China articles – Page 3
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ArticleISPO Shanghai in Nanjing with record attendance
The latest edition of ISPO Shanghai, which was held in Nanjing due to the pandemic, welcomed 20,089 industry visitors, compared to about 19,000 in 2021 (+6%) and 17,800 in 2020. The event featured 342 brands from 210 exhibiting companies and took place at the Nanjing International Exhibition Center (NIEC) on ...
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News briefsDescente increases stake in Ningbo Le Coq Sportif
Japanese sportswear and accessories company Descente Ltd. announced in a notice to shareholders that it has increased its stake in Le Coq Sportif (Ningbo) Co. Ltd. (NLCS). NLCS was established by Sugiei and Itochu Textile (China) Co., Ltd. (ITS), a subsidiary of Itochu Corporation, in 2004 to expand the brand’s ...
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News briefsLi-Ning opens store featuring fast conveyer belt system
Beijing-based sportswear brand Li-Ning has opened its first ”urban custom store,” as the company has called it. Officially opened on Aug. 4, the store is located on the second floor of the Juntai shopping complex, within Beijing’s Xidan shopping area. The store is the brand’s first to feature an “intelligent ...
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Infographics & DataInflation rates in the G20
This exclusive interactive chart shows inflation rates for June and July 2022 for all members of the G20. The chart can be downloaded. This is exclusive data and analysis for Premium Members.
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ArticlePost-lockdown China unlikely to hit annual growth target
China’s GDP appears to have shrunk from the first to the second quarter of this year. The 2.6 percent decline was steeper than the 1.5 percent decline predicted in a poll of financial analysts conducted by Reuters. China itself, in the statement issued by its National Bureau of Statistics, says ...
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News briefsWinners and losers in the Chinese e-commerce market
Lockdowns lasting months in some areas have unsettled consumers in China. The apparel market has not escaped this. The NPD Group provides an overview of the biggest winners and losers – sports brands among them – on the most important e-commerce platform in China, Tmall. Source: Screenshot from ...
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News briefs
Lululemon details growth course in China
China is set to become Lululemon’s second most important market worldwide in 2026. This was specified by CEO Calvin McDonald. In an interview with China Daily he said: “Our new goal is to quadruple our international business again by 2026. The Chinese mainland will be a big part of that ...
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ArticleNike net dips 5 percent on Greater China, persistent supply chain woes
The Nike group remains committed to further advancing its digital and direct strategies worldwide and anticipates a return to growth for its wholesale business in the financial year 2023 as it continues to grapple with elevated transit times for products and to recalibrate a Greater China business that has been ...
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News briefsAlibaba reports skateboard trend in China
Chinese technology company Alibaba reports a surge in sales of skateboards. In China, skateboarding is considered an outsider sport or culture, not least because of its U.S. influences. Source: Elon Shi via Alizila Skateboarder Elon Shi in Shanghai However, as Alizila, Alibaba’s news platform, writes, skateboarding’s reputation ...
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News briefsNew CFO for Pou Sheng
The board of directors of Pou Sheng International (Holdings) Limited announced that Liao Yuang-Whang has resigned as the company’s chief financial officer, effective June 1, as he has relocated to the headquarters of Pou Chen Corporation, a majority shareholder of Yue Yuen Industrial (Holdings) Limited. Liao will continue to serve ...
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News briefsAlibaba cracks mark of 1 billion Chinese consumers
For the last fiscal year, Alibaba reported a record 8,317 billion yuan renminbi (€1,160 billion) in global gross merchandise value. However, revenue in the quarter ended March 31, 2022, climbed only 9 percent year-on-year to RMB 204.1 billion (€28.5 billion). This is the slowest growth ever, which the company attributes ...
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News briefs
Adidas China with new CEO
A new CEO, highly familiar with both the market and the brand, is expected to boost Adidas’ flagging sales in China after Western sports brands recently suffered from a boycott called by state media and social media users over Western allegations of human rights abuses in Xinjiang. Adidas saw Greater ...
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News briefsAnta Sports and Hyatt plan to open first Fila-branded hotel
Anta Sports Products and Hyatt Hotels Corp. have announced plans to open the first Fila-branded hotel in Shanghai, China. The Fila House Shanghai will be part of the JdV by Hyatt brand and the first Fila branded hotel in the world. According to Hyatt, the JdV by Hyatt brand comprises ...
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News briefs
ISPO Shanghai will take place in June
Messe München’s Chinese representative has announced the dates for this year’s ISPO Shanghai. The show serves as the leading multi-segment summer trade show for the sports industry in Asia. Originally scheduled for mid-July, the event will now take place June 16-18, 2022, at the Shanghai New International Expo Center (SNIEC). ...
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News briefsAlibaba's virtual influencer for the Olympics
Her name is “Dong Dong,” which means winter, and her mission is to engage with the fans of the Olympic Games in Beijing. That is what the official Olympic partner Alibaba Group said when presenting its new virtual influencer. Source: Alibaba Group Dong Dong is meant to ...
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News briefs
U.S. Congress seeks reassurances from the IOC over Xinjiang
On Jan. 12, the U.S. Congressional Executive Commission on China (CECC) sent a letter to the president of the International Olympic Committee (IOC), Thomas Bach, inquiring about contracts for the acquisition of Olympic uniforms, as the suppliers, Anta and Hengyanxiang (HYX), have publicly acknowledged that they use cotton from the ...
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ArticleThe WTA suspends all tournaments in China over Peng Shuai’s plight
On Dec. 1, the chairman and CEO of the Women’s Tennis Association (WTA), Steve Simon, announced, “with the full support of the WTA Board of Directors,” the “immediate suspension of all WTA tournaments in China, including Hong Kong.” The WTA has a ten-year deal for nine tournaments in China, among ...
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News briefs
Anta starred in China’s Singles’ Day
Alibaba has logged another record-breaking Singles’ Day, but the year-on-year growth of its sales in gross merchandise volume (GMV) for the event is on the decline. According to the trade publication Sportstextiles, this year’s 11.11 Global Shopping Festival, spread over 11 days, brought in for the Chinese e-commerce giant about ...
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News briefs
New NPD study shows a drop in China’s sports shoe market
China’s online market for sports footwear declined by one percent to $8.9 billion during the second quarter of 2021, according to a new study by the NPD Group. The drop was due to the poor performance of international brands, which suffered from a consumer boycott launched in March because of ...
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Infographics & DataTop 10 countries leading the global sports market in 2020
This exclusive interactive chart shows total market size of sporting goods in the U.S., China, Germany, Japan, France, the U.K., Canada, South Korea, India and Italy for the year 2020. The chart can be downloaded. This is exclusive data and analysis for Premium Members.
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