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LI NING (02331.HK) announced that LN Co, being an indirect wholly-owned subsidiary of the Company, entered into the Subscription and Shareholders’ Agreement with Founder Co, HongShan Venture, HongShan Motivation and the JV Company. The total share capital of the JV Company shall be HK$200 million, of which the LN Co, Found...
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LI NING (02331.HK) announced that for the third quarter ended 30 September 2024, the retail sell-through of LI-NING POS for the overall platform declined by mid-single-digit on a year-on-year basis. In terms of channels, offline channel registered a high-single-digit decline, with retail declined by mid-single-digit and wholesal...
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Hong Kong bourse opened lower in the morning session. The HSI opened 174 pts or 0.9% lower at 20,144. The HSCEI opened 65 pts or 0.9% lower at 7,212. The HSTECH opened 59 pts or 1.3% lower at 4,391.In terms of techs, BABA-W (09988.HK) sank 1.4% at $98.5. TENCENT (00700.HK) and MEITUAN-W (03690.HK) dipped 0.5%. BIDU-SW (09888.HK)...
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USD/CNH once fell below the 7.13 mark today, and bottomed at an over-1-month low of 7.1342. It last printed at 7.1271, down 335 bps or nearly 0.5%. USD/CNY once dropped below the 7.12 mark to a low of 7.1223, and last printed at 7.1165, down 265 bps or nearly 0.4%.The HSI once shed 833 points to a low of 20,259 after midday, and...
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Tmall’s Double 11 Shopping Festival officially kicked off. Within the first hour of presales in the sports and outdoor segment, six brands tracked turnover of more than RMB100 million, and 32 popular items had turnover of more than RMB10 million.Sports and outdoor brands hailed exponential growth. Among them, 44 brands, in...
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