Anta to invest £450m in R&D in ambitious five-year plan
It will also sponsor the Chinese team at the summer and winter Olympics, as well as sponsor sports events and training camps for children.
CEO Ding Shizhong said: "Anta has maintained growth for seven consecutive years through multiple reforms and transformation. What is exciting is that the sportswear industry in China has entered a golden age. Taking advantage of the accumulated sports resources over the years and the love of Generation Z for Chinese brands, Anta has the potential and ability to achieve accelerated growth to lead the market.