Tuesday December 5, 2023

‘Nike of China’ Pockets $3.52B in H1 2021

  • Anta Sports generated $3.52 billion in revenue during the first six months of the year.
  • The first half of 2021 marks a 55.5% increase compared to the same period a year prior.
Kyle Terada-USA TODAY Sports/Design: Alex Brooks
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Anta Sports, “the Nike of China,” generated $3.52 billion in revenue during the first six months of the year, a 55.5% increase year-over-year. 

The company’s e-commerce business was responsible for 27% of total H1 2021 revenue, with online sales up 61% compared to the same period in 2020. 

After going public in 2007, Anta made its first big splash on the global stage with its footwear marketing campaigns during the 2008 Beijing Olympics. 

Since then, Anta has become one of the leading sportswear brands in the world and is gaining traction in the U.S. 

  • Hall of Famer and NBA champion Kevin Garnett signed with Anta in 2010 after leaving adidas. 
  • Anta is the official sponsor of NBA players Klay Thompson, Gordon Hayward, and James Wiseman.
  • Thompson inked a 10-year, $80 million deal with the brand in 2017. 
  • Filipino boxer and politician Manny Pacquiao also has a deal with the company.

Anta sponsored 22 Chinese national teams at the 2020 Tokyo Olympics and will be the official sponsor of the 2022 Winter Olympics in Beijing.

The company currently has a market cap of about $59 billion.

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