# Li Ning and HongShan form joint venture for international brand expansion

Li Ning Co. Ltd. and HongShan Venture entered into a subscription and shareholders' agreement to form a joint venture in the British Virgin Islands. The JV will develop and operate the Li Ning brand business exclusively in overseas markets, with total share capital of HK$200 million.

- Type: Partnership
- Announced: 2024-10-22
- Where: British Virgin Islands, British Virgin Islands
- Value: $25.6M (200.0M HKD)
- Status: announced
- Products: sportswear, apparel
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Li Ning](https://endata.com/companies/80562.md) (partner)
- [HongShan Venture](https://endata.com/companies/80563.md) (partner)

## Sources

- [textileworld.com](https://www.textileworld.com/textile-world/knitting-apparel/2024/10/li-ning-partners-with-hongshan-to-establish-a-joint-venture/), 2024-10-22: "Li Ning Co. Ltd. together with the subsidiaries announced today that LN Co. entered into the Subscription and Shareholders’ Agreement with founder company, HongShan Venture."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.