Sports Archives - Pandaily

Chinese Tennis Player Wu Yibing to Welcome Huge Commercial Value after Lifting ATP Tour Trophy

Wu Yibing became the first Chinese mainland player to lift an ATP Tour trophy after winning the Dallas Open title on February 12. As it seems now, the 23-year-old tennis player's commercial value is soaring.

Anta Announces Firm’s Largest Personnel Adjustment Ever

Anta Sports, a prominent Chinese athletic wear company, announced on January 18 its largest personnel adjustment since listing publicly 16 years ago.

Olympic Champion Skier Eileen Gu Breaks New World Record

Eileen Gu, an Olympic champion in freestyle skiing, posted a training video to Chinese social media on December 21. In the video, the US-born Chinese athlete can be seen completing a switch 1260 tail grab, becoming the first female skier to successfully pull off this challenging stunt.

Adidas’s Q1-3 Revenue in China Down Over 25%

Adidas announced its financial results for the third quarter of 2022 on November 9. The firm's performance in Greater China, its former growth engine, continued to exhibit poor results.

Canadian Athletic Apparel Retailer lululemon Faces Doubts in China

Canadian athletic apparel retailer lululemon started the year as one of the most popular brands in China due to its superior quality and design. Recently, however, the brand is encountering some doubt as to its quality and prices.

Chinese Sportswear Brand Li-Ning Apologizes for Controversial Design

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.

Anta’s H1 Revenue Surpasses Nike in China for First Time

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.

Nike’s Revenue in Greater China Decreases by 9% YoY in Fiscal 2022

On June 27, Nike, the U.S. sportswear giant, released key financial data for its fiscal 2022 fourth quarter and full year ended May 31, 2022. Its share price fell nearly 7% the next day and its market value dropped by $12 billion.

Alibaba Sports Changes Name to Orange Lion Sports

Alibaba Sports' employees had received a letter from their CEO Mu Yang, saying that the company would be renamed as "Orange Lion Sports," and that he would also serve as the company's chairman.

Huawei Inaugurates Second Batch of “Legions”

Shenzhen-headquartered telecommunications giant Huawei held a founding conference for its second batch of business "legions" on March 30.

Sports Tech Firm Keep Applies for Hong Kong IPO

Sports technology company Keep submitted its application on February 25 for a public listing in Hong Kong, with Goldman Sachs and CICC serving as co-sponsors.

Fashion Sports Brand Starter Secures $40 Million in Financing

Starter, an international fashion sports brand, has recently received $40 million in C-round financing. The leading investor was QY Capital.

Chinese Naturalized Olympians: Attaining Pride, Receiving Criticism and Carrying Hope

When Ailing Eileen Gu landed her first-ever official attempt at a four-and-a-half-rotation trick and thereby won the gold medal, related hashtags were soon among the top trends.

Lackluster Super Bowl Interest in China Underscores NFL’s Regional Challenges

Despite substantial efforts by the NFL at globalizing interest in American football, sports fans in China remain largely indifferent.

IOC Authorizes nWayPlay to Sell 500 Bing Dwen Dwen-Themed Digital Toy Boxes

The International Olympic Committee (IOC) has granted authorization for a limited series of digital mystery toy boxes themed on this year's official Olympic mascot, Bing Dwen Dwen, to be put on sale at 1:00 a.m. on February 12.

China’s Eileen Gu Scores Olympic Gold in Freeski Big Air Finals

Chinese-American skiing phenom Eileen Gu picked up the first Olympic medal of her promising young career on Tuesday morning after narrowly finishing in the top spot at the women’s freeski big air finals.

Tencent’s TiMi Studio Group Releases Sub-Brand Tianmei Health

Tencent's TiMi Studio Group announced on Monday that it will launch Tianmei Health, a sub-brand focusing on sports and wellness.

Kuaishou and NBA Reach Multi-Year Strategic Cooperation Partnership, to Explore New Model for Monetizing Content Recreation

Kuaishou held a strategic cooperation conference alongside NBA China, announcing that the two sides have reached a multi-year strategic cooperation partnership.

Insta360 Parent Company Arashi Vision Inc. to Land in Shanghai Sci-Tech Innovation Board

The official website of the Shanghai Stock Exchange shows the landing of Arashi Vision Inc. was approved, which means that it is only a matter of time before the company lands in the Shanghai Sci-Tech Innovation Board.

Adidas’s Greater China Revenue Declines 15.9% in Second Quarter

Adidas recently released its financial report for the second quarter of 2021, which showed that revenue for Greater China during the period was only 1 billion euros ($1.174 billion), down 16% year-on-year.

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