Li-Ning Revenue Rises Despite Decline in Offline Sales

Chinese sportswear brand Li-Ning announced its annual financial results for 2020, noting a revenue increase of 4.2 percent year-on-year to 14.4 billion RMB ($2.2 billion USD).In its announcement on Friday, the company said that despite the challenges brought on by the coronavirus pandemic, it remained profitable, reporting a net profit rise of 13.3 percent. Still, the company noted that the impact of COVID-19 led to a "very challenging retail environment during most of the year."The company saw ...