On June 27, Nike, the U.S. sportswear giant, released key financial data for its fiscal 2022 fourth quarter and full year ended May 31, 2022. Its share price fell nearly 7% the next day and its market value dropped by $12 billion.
The Nike Run Club (NRC), a running app owned by Nike, said on Wednesday that it would stop offering its services in the Mainland of China as of July 8, 2022 due to business adjustments.
Starter, an international fashion sports brand, has recently received $40 million in C-round financing. The leading investor was QY Capital.
In the early hours of March 23, Beijing time, CNNMoney.com reported that a trade war between U.S. and China would be very bad news to some big U.S. companies.