Li Ning shares hit new high as sales surge amid Chinese boycott of Western sports brands over Xinjiang cotton row

Source: South China Morning PostShares of Chinese sportswear maker Li Ning Company hit a historic high as sales during the May day holiday soared fivefold amid a nationalistic buying frenzy following the controversy over cotton produced in the Xinjiang region.China Lining, Li Ning’s premium fashion arm, saw its sales on the country’s largest e-commerce platform, Tmall, jump 419 per cent between April 27 and May 3 from the same period a year earlier, according to data from Credit Suisse. The five-day Labour Day holiday in…Read More

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