Citi published a research report to begin a 30-day positive catalyst observation on Anta Sports and Li Ning. The main catalytic factor is that Nike's share in the Chinese market may be taken over by Anta and Li Ning, bringing positive market sentiment. According to the Taobo announcement and Nike website, Nike will end most of its online distribution business with Chinese retailers from January 2027 and switch to an online DTC strategy, which is expected to cause loss of future market share in China and have a positive impact on local and competitive brands in China. The bank maintained Anta and Li Ning's “buy” ratings, with target prices of HK$108.8 and HK$22.8 respectively. At the same time, it also ranked among the 10 largest Chinese consumer stocks with attractive valuations that the bank is optimistic about.

Citi published a research report to begin a 30-day positive catalyst observation on Anta Sports and Li Ning. The main catalytic factor is that Nike's share in the Chinese market may be taken over by Anta and Li Ning, bringing positive market sentiment. According to the Taobo announcement and Nike website, Nike will end most of its online distribution business with Chinese retailers from January 2027 and switch to an online DTC strategy, which is expected to cause loss of future market share in China and have a positive impact on local and competitive brands in China. The bank maintained Anta and Li Ning's “buy” ratings, with target prices of HK$108.8 and HK$22.8 respectively. At the same time, it also ranked among the 10 largest Chinese consumer stocks with attractive valuations that the bank is optimistic about.