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Italian sports car manufacturer Ferrari opened its first official clothing online store on China's e-commerce platform Taobao. The most expensive item is a gray women's mid-length trench coat, priced at 44,500 yuan ($6,187).
Anta Sports, a prominent Chinese athletic wear company, announced on January 18 its largest personnel adjustment since listing publicly 16 years ago.
Starting in mid-March 2023, 361° was the first to release its full-year performance for 2022, with revenue of RMB 6.96 billion (about $1 billion), continuing to break historical revenue records and increasing by 17.3% year-on-year.
Anta Sports Products Limited, a prominent sportswear company in China, increased its overall revenue in the first half of the year by 13.8% to 25.97 billion yuan ($3.79 billion), higher than Nike China's $3.7 billion in the same reporting period.
Li-Ning, a Chinese sports brand that has always claimed to have stuck to consumer-focused core values, has recently caused controversy over some products that are similar to Japanese military uniforms. The resulting backlash caused the company's share price to plummet.