TOPIC

/ company

Li Ning

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 (outdoor) and Kason (badminton) brands.

Chairman / President

Li Ning

CEO / Managing Director

Li Ning

CFO / Finance Director

Zhao Dongsheng

Industry

Clothing, sportswear

Website

lining.com

Headquarters address

. No. 8 Xing Guang 5th Street, Opto-Mechat, Beijing, Beijing, China

Stock Code

SEHK:2331

Year founded

1989

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Li Ning closed 232 self-operated stores over the past year and opened 145 new stores in a bid to cut costs and improve operational efficiency. Photo: EPA

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Li, 61, founded Li Ning Co a few years after retiring from a decorated gymnastics career in 1988. Photo: Gamma-Rapho via Getty Images

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Signage at a Li-Ning store in Shanghai, China. Photo: Bloomberg

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Shoes sit on a display at a Li Ning flagship store in Shanghai on February 12, 2022. Photo: Bloomberg

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Looking ahead, ‘a huge market vitality has been unleashed, which is conducive to promoting sports consumption’, founder says.

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Li Ning

Hong Kong stocks edge higher as weak jobs data firms up rate-cut bets

Rates traders price in more than 90 per cent probability of a quarter-point reduction next week after private US labour market report.

China’s Anta considers bid for Germany’s Puma amid 62% stock slump: sources

Hong Kong stocks rise as trade agreement soothes fears on rare earths, chips

Hong Kong stock rally pauses after 3-week high as Xi-Trump meeting looms

Investors await the high-stakes meeting, while HSBC Holdings posts lower quarterly profit.

Hong Kong stocks advance as investors look for signs of easing global tensions

Traders watch closely if ‘scheduled’ talks between Xi and Trump next week could help stabilise markets rattled by geopolitical risks.

Hong Kong athletics boss happy with National Games squad despite missing star

Senior vice-chairman Simon Yeung says local association waiting for answers from Wong Wan-chun, sets athletes personal best aim.

.css-sioo19{color:#c79a00;}Explainer | Why Hong Kong’s fastest marathon runner was exiled by athletics chiefs

How a sponsorship deal and a switch of accommodation spiralled into a stand-off between Wong Wan-chun and the HKAAA.

Hong Kong’s top marathon runner misses World Championships amid rift with HKAAA

Wong Wan-chun, who was not in Hong Kong team for Olympics and could be absent from National Games, says he has been snubbed by bosses.

Crowd hero and cancer survivor Chou Tien-chen’s painful Hong Kong Open defeat

Indian progresses following two dramatic games to seal Sunday final date with mainland China’s Li Shifeng.

Canadian Li on badminton, dim sum and meeting 50 family members in Hong Kong

Michelle Li, who was born in the city, is through to the women’s singles semi-finals at the Coliseum.

Li Ning’s interim profit dips 11% amid tough competition in sportswear market

Sportswear maker could use the competition in the highly challenging market to strengthen its core brand, CEO Qian Wei says.

Olympic champion Axelsen set to chase record Hong Kong Open jackpot

Tournament returning to Hong Kong Coliseum in September with record prize fund and 20 home competitors.

Hong Kong stocks surge 1.6% after China’s GDP growth exceeds expectations

The 5.2 per cent GDP growth in the April to June quarter came in above the 5.17 per cent forecast by data provider Wind.

Hong Kong stocks gain as PBOC’s benchmark-rate choice spurs optimism

Stocks pare the week’s losses as central bank’s rate decision hints at sustained recovery in the world’s second-largest economy.

Apple, Huawei, Xiaomi lead China’s top-500 ranking of consumer brands, report finds

The rankings were based on domestic consumers’ online purchase behaviour, according to a Peking University report.

China sports brand sparks fury for sidelining dive queen Quan Hongchan in photo

Angry fans of Olympic diving icon accuse brand of ‘opportunism’, sparking wave of product returns.

.css-1m2rp1p{color:#34b8b5;}Opinion | For Chinese consumers, buying local has become a statement of national pride

What defines China is shifting, from what it makes to how it spends, as consumption becomes an emotional and cultural act.

Hong Kong stocks rise as investors await earnings from Chinese banks

HSBC gains 3 per cent to HK$88.35 after first-quarter profit beat estimates, announces US$3 billion share buy-back plan.

Hong Kong stocks retreat to 4-week low as more Trump tariffs loom

Investor jitters over tariffs set to be unveiled on April 2 outweigh a positive China manufacturing report.

China’s top sportswear maker stumbles in consumption slowdown

The company plans to use the recently concluded Olympics to increase consumer interest in sports and strengthen Li Ning’s brand perception, co-CEO Qian Wei says.

Hong Kong take-private deals jump as poor valuations dismay investors

Hong Kong-listed firms have been involved in US$4 billion worth of take-private deals already in 2024, compared with US$1.2 billion for the whole of last year, with investors often dismayed by poor valuations.

China’s ‘gymnastics prince’ Li Ning mulls taking his sportswear firm private

The billionaire entrepreneur and Olympic champion 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.

Anta-backed Amer Sports mulls raising up to US$1.8 billion in US IPO: sources

The company could sell about 100 million shares in a range of US$16 to US$18 each, and the terms of the IPO may be announced in the coming few days, sources say

China price wars help spark US$157 billion rout in mainland consumer stocks

The biggest drags on the MSCI benchmark since the end of September 2023 include Alibaba, Yum China and BYD, which have all been offering big discounts.

Sportswear maker Li Ning buys US$282 million office property in Hong Kong

China’s biggest sportswear maker Li Ning’s purchase of a US$282 million mixed office and retail building to house its headquarters in Hong Kong, is a shot in the arm for the city’s slowing office property market.

Chinese sportswear retailer Li Ning ‘under pressure’ after profit declines

Company will focus on offline store performance after net profit in the first half of 2023 fell 3 per cent year on year to US$293 million despite a 13 per cent revenue increase.

Li Ning shares drop on weaker-than-expected 2022 profits

Looking ahead, ‘a huge market vitality has been unleashed, which is conducive to promoting sports consumption’, founder says.

Li-Ning, Dior among brands flocking to Canton Road in ‘iconic’ TST

Tsim Sha Tsui’s Canton Road 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.

Explainer | Why Hong Kong’s fastest marathon runner was exiled by athletics chiefs

Opinion | For Chinese consumers, buying local has become a statement of national pride