With a fundraising of 1 billion Hong Kong dollars, can Sockany help Xtep win the 'running shoe war'?

Heavy betting on the running track.

wallstreetcnFeb 13 22:55 ET

li ning is going to open up new battlegrounds overseas.

See the real chapter of business performance.

wallstreetcnOct 31, 2024 01:44 ET

Joining hands with Sequoia China, Li Ning is going all in overseas.

①Today, Li Ning revealed that it will establish a joint venture with Sequoia China to expand overseas markets; ②Previously, Sequoia China has invested in cross-border e-commerce companies such as Shein, Aoke Technology, PatPat, and Zhiyu; ③In the process of Li Ning's internationalization, supply chain, overseas warehouse management, and the choice of cross-border platforms are all important considerations.

cls.cnOct 23, 2024 06:36 ET

In the first half of the year, the revenue was 7.203 billion yuan. Ding Shuibao, CEO of Xtep International, stated that the company is focusing on the running business and has plans to expand overseas. This was reported in the earnings conference.

In the first half of this year, Xtep announced the strategic sale of its fashion sports business of GSW and Palladin brands, and focused resources on running business, increasing investment in Saucony brand. This move is regarded as an important adjustment to Xtep's global strategy. Xtep's e-commerce revenue recorded growth of over 20% in the first half of this year, with retail sales on Douyin, D2C, and WeChat Video increasing by more than 80% year-on-year.

cls.cnAug 20, 2024 09:49 ET

Li Ning has held steady during the sports season.

Footwear business contributes the most.

wallstreetcnAug 20, 2024 02:25 ET

Xtep accelerates to fight in lightweight gear.

If you don't advance, you retreat.

wallstreetcnJul 16, 2024 22:45 ET