The Chinese sportswear giant continued to struggle in its home market in the third quarter and has turned its aspirations outside the PRC by creating a joint venture in the British Virgin Islands with Hong Kong-based venture capital firm HongShan. The new entity will leverage HongShan's transnational resources and business experience to accelerate the development of the Li Ning brand in foreign markets. A Hong Kong Stock Exchange filing specifically calls out expansion in countries involved in the Chinese government’s Belt and Road Initiative as part of its long-term development strategy. ... Log in to view full article.