Anlıns, Appa, Bact, Bkml, Cmpny, Cycp, Cycp08, Cycs, Cycs08, Deal1, Dvst, Fıne1, Spoclo, Tex, Wear, Xdnp, Xpco, Xrnp, Easıa, Hk, Asxpac, Emrg, Cn, Asıa, Apret, Apret1, Aut, Auto, Carm, Carm1, Ccos, Cmpelc, Coms, Coms08, Ents, Hoby08, Leıs, Mdıa, Mdıa08, Phne, Phones, Pub, Recpr, Resbr, Resbr1, Ret, Rete, Shoe, Shop, Shopal, Sofw, Spcret, Sposho, Swıt, Tech, Tech08, Teeq, Teeq08, Tmt, Topnws, Wear1, Ceeu, Weu, Amers, Scandv, Us, Europ, Se, Nord, Ezc, Namer, De, Jp

Anlıns, Appa

Anta bets Chinese shopping nationalism won’t last

Anta's controlling shareholder will pocket $1.5 bln from a 30% share rally after consumers threatened boycotts of Western brands critical of Beijing’s Xinjiang policy. It’s smart timing by the struggling company, says @ywchen1

4/22/2021 7:11:00 AM

Anta's controlling shareholder will pocket $1.5 bln from a 30% share rally after consumers threatened boycotts of Western brands critical of Beijing’s Xinjiang policy. It’s smart timing by the struggling company, says ywchen1

Nike’s (NKE.N) Chinese challenger has cashed out of a nationalist shopping spree early. The controlling shareholder of Anta Sports (2020.HK), a $46 billion sportswear maker, will pocket a whopping $1.5 billion in a rare share sale. The deal comes after Chinese consumers threatened boycotts of Western brands critical of Beijing’s Xinjiang policy, which was seen as benefiting Anta and local peers. It’s smart timing by a struggling company.

, its major domestic competitor, despite having larger market share, according to Citigroup. Li Ning's sales grew twice as fast as Anta’s in the first quarter. It also has to replenish its coffers after leading a consortium to splurge $5 billion on Finnish firm Amer Sports in 2019, which continues to lose money. The new cash will come in handy, and the Dings retain control. Either way, for China Inc, it’s risky to rely too much on patriotic outrage for the bottom line.

Biden Outlines Renewable Energy Plan To Invade Mt. Olympus And Steal Aeolus’ Bag Of Wind Texas, Minnesota, Ohio Students to Hear from Astronauts in Space 34 Republicans write letter asking Nancy Pelosi to lift mask mandate in House of Representatives

Followon TwitterCONTEXT NEWS- Anta Sports Products said on April 20 that its controlling shareholder, Anta International Group, has planned a sale of about 3.3% stake in the company at a 7.5% discount to the previous day’s close, for HK$11.6 billion ($1.5 billion).

- The placement will reduce Anta International’s direct stake to 47.6% from 50.1%. It holds an indirect 10.2% stake through two subsidiaries.- Anta Sports said it did not expect the share sale to have any significant impact on its daily operations or any change to its key management personnel. headtopics.com

- Shares in Anta Sports closed down 7.7% on April 21.- For previous columns by the author, Reuters customers can click onBreakingviewsReuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.

Read more: ReutersBreakingviews »

Liz Cheney says she’s not running for president

In a contentious Fox News interview, the Wyoming Republican also said it was important that former President Donald Trump “never again gets anywhere near the Oval Office.”

9 fashion brands we bet you didn’t know you could shop at John LewisJohn Lewis’ fashion brands reads like a who’s who in the best fashion and accessories label list. Shop the best John Lewis fashion, from Mango to Hush to new labels like Albaray and Girlfriend Collective JohnLewisRetail Do you know that in John Lewis’s shops women and even little girls must accommodate grown men in their changing room areas if the men “feel comfortable” there? Think about that! Do you think girls would “feel comfortable trying on these clothes with a man outside the curtain?

China's Xi Jinping says soon no enemy will be able to defeat the countryThe Chinese leader's 10,000-word speech was given to Chinese Communist Party cadres in January and published last month. Lol like in border where Indians whooped the Chicoms into the rivers? 😂😂 So single-track minded No One Cares Keep Your Country To Itself Then. UnfairTrade LeadPaintMfg ChineseSpies DrLiebersLab BuyingUpAmericanCompanies EatingBats SloppyLabs

Opinion: Tech’s COVID-19 boom won’t last forever, but it’s not going to end just yetOPINION: The pandemic-fueled financial boom for technology giants is not going to last forever. For the rest of this year, though, tech will likely remain king, Therese Poletti writes. 95% only bad news( Won’t last.... yet the top holdings of most index funds have been, are currently, and will continue to be tech heavy.

Cardi B's Latest Reebok Collab Dropped Last Week — Shop the CollectionAct fast -- select styles of this collab sold out the moment it launched.