Category: Fashion & Lifestyle

Chinese Sportswear Giant Anta May Overtake adidas In Market Value Soon

The market valuation for Chinese sportswear giant Anta (HKSE:2020.HK +0.33%) may soon overtake that of adidas (XETRA:ADS.DE -0.11%) . Despite adidas boasting significantly higher sales than Anta — $23.5 billion USD versus $5.5 billion USD in 2020 — the latter company’s market capitalization has been catching up to its German competitor at a massively increasing rate. Over the past…