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Chinese sportswear brand Li Ning bucks retail decline, posts better-than-expected net profit for 2020

Intellasia East Asia News

Chinese sportswear brand Li Ning said on Friday its net profit rose by 13.3 per cent to 1.7 billion yuan (US$261.3 million) last year. The company, which bears the name of China’s most famous Olympic gymnast, said its sales rose across all product categories, bucking a general downturn in the retail segment across the world […]

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