Saturday May 28, 2022
اردو
Dialogue Pakistan Dialogue Pakistan
Dialogue Pakistan Dialogue Pakistan
  • Citizen Journalism
  • Pakistan
  • World
  • Sports
  • Entertainment
  • Videos
    • Feature Videos
    • In House Videos
    • Mobile Footage
    • Documentaries
  • More
    • Features
    • Health
    • Sci-Tech
    • Business
    • In Pictures
    • Facebook
News

Nike CEO defends company’s business in China

by Web Desk June 26, 2021

AA

 Nike CEO defends company’s business in China

Nike CEO John Donahoe has defended the company’s business in China, saying that “Nike is a brand that belongs to and serves China.”

On June 24, the company released its financial statements for the fourth fiscal quarter and 2021 fiscal year. In the three months from March to May, the company’s revenue increased by 96% to $12.3 billion, which surprised market participants.

Donahoe said in a conversation with analysts that he believes that due to Nike’s many years of investment in China, China will continue to become a rapidly growing market for the firm.

He pointed out: “We have always had a long-term vision. We have been working in China for more than 40 years.”

When asked about competition with Chinese brands, he replied that Nike was also a Chinese brand now and its purpose included serving the most populous country.

Previously, the world’s largest sportswear brand faced consumer resistance in China for refusing to use cotton from Xinjiang.

Post Views: 97

Share This:

Tags: China company business Nike CEO
Previous post
Next post




Polls

Should the release of foreign movies be delayed to help support Pakistani cinema?

View Results

Loading ... Loading ...
Most Recent
News

Called-off Azadi March to avoid blood-shed, says

May 27, 2022
News

Eleven newborns die in Senegal Hospital fire

May 27, 2022
In House Videos

Yeh bura waqt kisi ke ooper bi

May 27, 2022
World

Canada police shoot man in Toronto seen

May 27, 2022
May 2022
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Apr    
Related Stories for you

Pakistan FM to visit China as financial crisis bites

May 21, 2022

Islamabad : Pakistan foreign minister Bilawal Bhutto Zardari will visit China for the first time on Saturday, courting Islamabad’s closest

China unveils fastest car with speed of 100kmp/h in 3sec

May 16, 2022

Chinese company, Lap Motor has introduced the C01 electric vehicle which claimed to be able to travel at a speed

China calls back Chinese Teachers of Confucius Institute KU

May 16, 2022

China has recalled instructors teaching at the Confucius Institute of the University of Karachi, who left for their country, weeks

Dialogue Pakistan

Citizen Journalism is the collection, dissemination and analysis of news by the people for the people especially by the means of internet. Dialogue Pakistan is the country’s first citizen journalism portal to provide Pakistanis an opportunity to get themselves heard aiming to encourage citizen journalism inculcated with ethical values.

Quick Links

اردو
About Us
Advertise
Careers
Contact

Category

Citizen Journalism
Pakistan
World
Sports
Entertainment
Features

Download our APP

Social Platforms

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram
  • Youtube
Copyright 2022.Dialogue Pakistan. All Rights Reserved.