Peak was founded in 1989. With the rapid expansion of the offline market and the marketing method bound to NBA players, it was once listed as the head player of sports shoes with brands such as Anta and Li Ning. Around 2009, many sports shoes brands went public, and Peak also successfully landed in Hong Kong stocks.
In the past eight years, the market environment has changed dramatically. During the reshuffle of the industry, Peak failed to maintain its market position, both revenue and net profit declined, and the stock price was depressed. In 20 16, Peak officially withdrew from the Hong Kong stock market.
In recent years, it has also been reported that Peak will return to the capital market, but there is no follow-up. Nowadays, the sports shoes and clothing market is occupied by head brands such as Anta, Li Ning and Xtep, and Peak has fallen behind.