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Li Ning partners with HongShan to develop and globally operate Li Ning Brand business
Oct 23, 2024•over 1 year ago
Contract Type
partnership
SportsFashionRetail
Description
Li Ning Company Limited has signed a partnership with Founder Co, HongShan Venture, and HongShan Motivation to form a JV Company in the British Virgin Islands. The purpose of the partnership is to develop and operate the Li Ning Brand business on an exclusive basis in the Territory and globally. The total share capital of the JV Company is HK$200 million (US$ 26 million), with Li Ning Company and its founder Mr. Li holding 55% of the JV Shares.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months