Has Li Ning been acquired?

No, according to Netease News, Li Ning has not been acquired, and the rumor that Li Ning was acquired is a rumor. Li Ning Company is a professional sports brand company founded by Prince of gymnastics Li Ning on 1990, which is a domestic brand. Li Ning Company has perfect brand marketing, R&D, design, manufacturing, distribution and sales capabilities, mainly engaged in professional and leisure sports shoes, clothing, equipment and accessories of Li Ning brand, and established a huge retail distribution network and supply chain management system in China.