Nike boss defends firm’s business in China | The Daily Update

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Nike boss defends firm’s business in China

The boss of Nike has made a robust defense of the firm's business in China after facing a consumer boycott there.

Chief executive John Donahoe said "Nike is a brand that is of China and for China" in response to a question about competition from Chinese brands. Mr Donahoe was speaking during a call with Wall Street analysts about Nike's latest earnings report.

The comments come after the sportswear giant was recently hit by a backlash over statements about Xinjiang.

Mr Donahoe said he remained confident that China would continue to be a fast-growing market for the company due to its many years of investment there.

Uyghurs have been detained at camps where allegations of torture, forced labor and sexual abuse have emerged. China has denied these claims saying the camps are "re-education" facilities aimed at lifting Uyghurs out of poverty.

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