Xinjiang cotton controversy has been a boon for Chinese premier sneaker scalpers

Apr 6, 2021 | INVESTING

Chinese sports brands Li-Ning and Anta are experiencing a surge in popularity and price on the secondary market as international footwear brands find themselves facing boycotts from many Chinese consumers over statements expressing concern about allegations of forced labour in Xinjiang. Since late March, prices for some of Li-Ning’s and Anta’s more popular sneakers jumped so fast it resulted in official op-eds from state media denouncing the secondary market. The sneaker that attracted the most…

Read More

Pin It on Pinterest