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...This has already started to show in Li Ning’s third quarter sales. For foreign investors, investing in China carries political risks too. Plus, Li Ning has faced allegations of forced labour by the US....
...Corporate updates: Chinese electronics manufacturer Xiaomi, sporting apparel retailer Li-Ning and telecoms provider China Unicom announce results....
...The city’s benchmark Hang Seng index rose 2.5 per cent, with mainland sporting apparel group Li Ning jumping as much as 20 per cent after Reuters reported the company was considering taking itself private...
...housing, livelihoods and key services like sanitation....
...That puts the company’s existing investors, which include Level Equity, Partech and co-founders Brent Hoberman and Ning Li, in a quandary....
...“One word, and we will take on the heavy burden without regard for our lives,” Li Ning added....
...The FT Big Read on artificial intelligence regulation (September 14) compares the various approaches being taken around the world....
...In their place, local online retailers have promoted Li-Ning and Anta, making the “competition a lot stiffer”....
...In its home market, the top three domestic sportswear companies — Anta, Li Ning and Xtep — have suffered slower growth in 2023 due to weaker consumption, and the market capitalisation-weighted average performance...
...Those boycotts left a large gap for the two largest local rivals Anta Sports and Li Ning, which pledged to continue to use Xinjiang cotton....
...The longest bar was five years and four months, handed to Lu Ning, ranked 65th in the world....
...Ning....
...China’s foreign ministry spokesperson Mao Ning said on Tuesday that China had “always implemented fair, reasonable and non-discriminatory export control measures”....
...Additional reporting by Gloria Li and William Langley in Hong Kong...
...The company’s new English-speaking chair Frank Ning was widely admired by both foreign and domestic business people in China but retired last year and was replaced by petroleum engineer Li Fanrong....
...Made.com, which was founded by entrepreneurs Ning Li and Brent Hoberman in 2010, boomed during the pandemic, thanks to its design-led furniture that proved popular with younger consumers....
...The situation came to a head last summer after Sinochem’s respected chair Frank Ning retired and was replaced by Li Fanrong....
...The rise of local sportswear makers such as Anta and Li-Ning has increased competition for western brands....
...The parent company board said it expected that in due course its listing would be cancelled and the company, which was founded by entrepreneurs Ning Li and Brent Hoberman in 2009, would be wound up....
...Made.com, founded by entrepreneurs Ning Li and Brent Hoberman in 2009, boomed during the pandemic thanks to its design-led furniture that was popular with younger consumers....
...The retailer, which was founded by entrepreneurs Ning Li and Brent Hoberman in 2009, boomed during the pandemic thanks to its design-led furniture that was popular with younger consumers....
...Additional reporting by Xinning Liu in Beijing Letter in response to this report:Xi’s tightening of financial controls gets my vote / From Tony SK Li, Hong Kong...
...Chinese foreign ministry spokesperson Mao Ning recently warned that such moves will “eventually backfire”....
...Earlier this week, China’s premier, Li Keqiang, warned that the world’s second-largest economy could struggle to record positive growth in the current quarter....
...Founders Ning Li and Brent Hoberman, along with some of the investors who had backed it as a private company, sold shares worth about £90mn in the IPO, which after expenses raised a similar amount of capital...
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