Chinese sports brand enterprise Li Ning (2331.HK) tapped into the badminton market when it announced this week that it had wholly acquired Kason Sports (Hong Kong) for RMB 165 million. According to Li Ning's five-year plan ending 2013, the company hopes to shrink the ratio of "Li Ning" brand revenue from 95% of total revenues to less than 80%...
Lianhua Supermarket Holdings' (980.HK) subsidiary Century Mart announced last week that it plans to open a 25,000-square meter hypermarket in Ningbo, with total investment of RMB 150 million, in late April, reports cnhz.com...
NIKE (NYSE:NKE) booked net income of $243.8 million, compared to $463.8 million in the year-ago period, for the quarter ending February 28, 2009. Revenue fell 2% to $4.4 billion for the quarter. Below are some China-focused highlights of Nike's conference call, clipped from Seeking Alpha's transcript:
Don Blair - Chief Financial Officer, Vice President
… As expected, third quarter revenue growth in China moderated to about 10% versus over 50% growth in the prior year quarter...
Business-to-consumer e-commerce clothing site Yifu.com, operated by Zhejiang Netsun Toocle (002095.SZ), announced on November 3 that it had record more than 100,000 registered users since going online on October 16, reports Sohu...
