- Li Ning Company Limited
Infobox_Company
company_name = Li Ning Company Limited
company_
company_type =Privately owned company
slogan =
foundation=1990
location =Beijing ,China flagicon|China
key_people=Li Ning , Founder and Chairman
industry =Sportswear and Sports Equipment
products =Athletic shoe s, apparel,sports equipment , accessories
num_employees =
revenue=profit $418.0 million (FY 2006) [http://www.lining.com/EN/press/inside-3_1_26.html Press Releases ] ]
net_income= Profit US$39 million (FY 2006)
homepage = http://www.lining.com/Li Ning Company Limited, (sehk|2331)is a major Chinese supplier of shoe and sports goods, primarily in the
People's Republic of China . Li Ning counts Nike andAdidas as its main competitors, and the products of Li Ning Sports Goods continue to be more popular in China than those of foreign competitors. The company endorses a number of athletes and teams, both at home in China and abroad.In 2005 Li Ning created a joint-venture with French sports apparel company AIGLE which was given the exclusive right to be the distributor of AIGLE's products in China for 50 years. [ [http://www.lining.com/EN/home/index.html Welcome to Li Ning Company Limited ] ]
In 2006, Li Ning posted revenues of US$418 million, and total profits of about US$39 million. As of March 2007, there were 4,297 Li-Ning retail stores. [http://www.lining.com/EN/press/inside-3_1_26.html] The company directly owns some of the retail stores while others are franchised.
The company was founded in 1990 by
Li Ning , a former Chinese Olympic gymnast. As of 2007, Li Ning remains the chairman of the company's board of directors. [http://www.lining.com/EN/company/inside-1_5_1.html]Product
Li Ning produces shoes and sportswear, largely for the Chinese market. The company has seen explosive growth in shoe sales in the past several years, with sales of its sneaker products increasing by 48 percent in 2006. Li-Ning's major shoe lines include the "Flying Armor" series of basketball shoes and "Flying Feather" running shoes. According to the company's web site, their
hallmark product is the "Li-Ning Bow." [http://www.lining.com/EN/press/inside-3_1_26.html] The company also has a smaller sports marketing and branding operation. [http://www.lining.com/EN/company/inside-1_2.html]Marketing
Li Ning's logo design is based on its own initial letters L and N.
The company has aggressively used sponsorship deals, particularly with athletes and sports teams, both at home and abroad, to raise its profile. [http://www.time.com/time/magazine/article/0,9171,332084,00.html]
In 2006 the company signed "strategic collaborations" with the
National Basketball Association , theAssociation of Tennis Professionals , theChina University Basketball Association , and theChina University Football League . It also signed sponsorship deals with the Chinese national teams and theSudan track and field team. The company will also provide apparel for theArgentina national basketball team at international events including the2008 Summer Olympic Games and2012 Summer Olympic Games . A similar deal was made with the Swedish Olympic Committee. [http://www.lining.com/EN/press/inside-3_1_26.html]Since at least 2004, both the men's and women's
Spanish National Basketball Team have been equipped by Li-Ning. [ [http://english.li-ning.com.cn/content.asp?id=60] ]National Basketball Association
Li-Ning is an official marketing partner of the American
National Basketball Association and has sponsorship deals with three players:Shaquille O'Neal of thePhoenix Suns ,Damon Jones of theMilwaukee Bucks andChuck Hayes of theHouston Rockets . [http://www.lining.com/EN/press/inside-3_1_26.html]In 2006, O'Neal signed a five-year deal with Li-Ning, reportedly worth US$1.25 million, the largest deal made by the company, and the highest profile signing of an American sports star by a Chinese company. [http://english.peopledaily.com.cn/200608/15/eng20060815_293127.html] O'Neal cited former teammate
Damon Jones and the Spanish National Basketball team's deal with Li-Ning, as influences on his decision to sign with Li-Ning. [ [http://sports.espn.go.com/nba/news/story?id=2550832 ESPN - Shaq signs shoe deal with Chinese company Li-Ning - NBA ] ] [ [http://www.msnbc.msn.com/id/14361632/ Shaq signs with China-based apparel company - NBA - MSNBC.com ] ]Involvement in the 2008 Beijing Olympics
Li-Ning aggressively sought sponsorship opportunities related to the
2008 Summer Olympics being held inBeijing , China. The company arranged to outfit every presenter for broadcasterCCTV-5 . [cite news | last=Leibenluft | first=Jacob | title=Female Weightlifters, Spanish Basketball Stars, and Kim Jong-il: The strange world of Chinese sneaker endorsements | date=July 25 ,2007 | publisher=Slate | url=http://www.slate.com/id/2171099/fr/nl/]In a now famous case of
ambush marketing , when entire countries were tuned into the2008 Summer Olympics opening ceremony and worldwide millions more sawLi Ning light the torch they also learned that he owns a shoe company with the same name, but is not an official Olympic sponsor. [ [http://blogs.rockymountainnews.com/2008_summer_olympics_blog/archives/2008/08/the-greatest-free-ad-ever.html# The Greatest Free Ad Ever] ] Li-Ning also sponsored several Chinese sporting teams, as well as the Spanish and Swedish Olympics teams.cite news | last=Liu | first=Melinda | title=Light My Fire: Li Ning's Stock Rises | date=August 12 ,2008 | publisher=Newsweek | url=http://blog.newsweek.com/blogs/beijingolympics/archive/2008/08/12/light-my-fire-li-ning-s-stock-rises.aspx] The company's share price also increased by over 3% on the first day of trading after the opening ceremony.References
External links
* [http://www.lining.com/EN/home/index.html Official website] en
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