Lei Jun, founder of the Chinese tech company Xiaomi, is often seen in On Running sneakers.

    Inside Nike’s China Problem: The Local View

    For Nike, the numbers out of China make one thing clear — the athletic giant still has a lot of ground to recover in its second-largest market that accounts for around 15 percent of global revenue. In the latest 2026 third quarter, revenue in Greater China declined 10 percent, with online sales down 21 percent….

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