Defying the apparent slowdown of the Chinese economy, Li-Ning Company put out a very positive preliminary statement for the third quarter ended on Sept. 30. Sales increased by a rate in the low-teens on a comparable basis in its retail operations during the quarter. Most of the growth came from e-commerce, which was up by more than 30 percent. In the company's directly operated and franchised stores, sales went up by a high single-digit rate. Sell-through rates rose at a mid-teen rate in the company's stores, excluding the Li-Ning Young outlets. They rose at a low-teen rate at wholesale and in the low thirties online. As of Sept. 30, Li-Ning had 6,345 points of sale in China, a net increase of 78 since the end of the previous quarter and 83 since the beginning of 2018. The number of directly operated stores declined by 35, while the number of wholesale franchises increased by 118. The network of Li-Ning Young stores reached a level of 677 units in China, 46 more than in the previous quarter and 504 more than at the beginning of 2018.