When asked why this initial investment in the US failed, Craig Heisner, vice-president of digital operations, explains: "I don't think the original plan adequately presented the heritage of Li Ning as a major Chinese brand founded by a famous Olympian who rose to the top".
Multiple rumors and reports began surfacing across the Internet late Thursday and early Friday that Dwyane Wade would be leaving Jordan Brand for Chinese Sportswear company Li-Ning.
If Geely, China's largest and brashest privately owned carmaker, succeeds in acquiring such a respected brand it would be a testament to the extraordinary ambition of its chairman and founder, Li Shufu, the self-styled Henry Ford of China.