Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "China’s Top Sports Brand Nosedives by 150 Billion! Overstocked, 3 Years to Clear Without Production" video.

  1. 💰 Leening's stock value has plummeted by 100 billion HKD due to a decline in sales and boycotts by fans. 00:23 Leening's stock value dropped by 100 billion HKD, amounting to a loss of approximately 6.1 billion Hong Kong dollars or about $7.8 billion US. Leening's stock has been consistently dropping throughout the year, with a cumulative drop of 8% on November 7th. The decline in stock value was triggered by angry fans boycotting Leening products after their team's defeat in the League of Legends season 13 World Championship. 👗 International Fashion Week collaborating with top designers and brands faced backlash due to the Shing Jang cotton incident, leading to boycotts and impact on sales. 04:03 Human rights organizations criticized the CCP for forced labor in Shing Jang cotton, leading to boycotts against Western clothing brands like H&M, Nike, and Adidas. The concept of 'Made in China' was sparked as a response to the boycotts, with a Chinese sports brand, Leing, raising prices and positioning itself as a high-end national sports brand. Leing's pricing soared, with most items priced in the thousands, including a limited edition sneaker priced at 29,999 Yen ($44,100), a 17-fold increase from its launch price. 👟 Consumers in China are prioritizing cost effectiveness and practicality over brand names, leading to a decrease in consumption of high-end products like Leen ning shoes. 07:45 Consumers in China are replacing high-end brands like Leen ning with other Chinese brands like xep361° and Peak sport. Leen ning faced boycotts in 2022 over allegations of insulting China with its clothing designs. Leen ning's clothing line was accused of closely resembling Japanese military uniforms, sparking significant controversy. 📉 Leaning faced a catastrophic stock price plunge and announced a buyback, leading to downgrades in target price and earning forecasts by several foreign institutions. 14:25 Leaning announced a buyback of approximately 1.2 million shares worth 28.97 million Hong Kong dollars. Foreign institutions like JP Morgan, Dway Securities Group, and City Bank downgraded Leaning's target price and earning forecasts. Morgan Stanley indicated a lower sales and profit forecast for Leaning for the next 3 years.
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