The Three Stripes is looking into an alleged embezzlement ring within its Greater China marketing management, the company confirmed after the Financial Times broke the story in Western media over the weekend. The story first developed on Chinese social media platforms before coverage last week in Chinese state media financial outlet Jiemian, detailing an unsigned letter from whistleblowers claiming to be employees of Adidas China who claimed to have sent the correspondence to Adidas’ German headquarters. Adidas received the anonymous letter on June 7. Reports on the matter sent stocks down ... Log in to view full article.