Do or die: Chinese sports chain wrestles with ecommerce

Hong Kong-listed sportswear retailer Pou Sheng plans to go private so it can make the investment and take the risks needed to catch up with China’s ecommerce boom.

Do or die: Chinese sports chain wrestles with ecommerce

Taiwanese conglomerate Pou Chen plans to take private Chinese sports shoes retailer Pou Sheng International for $1.4 billion, to help it cope with the inexorable shift towards ecommerce in mainland China.

Pou Chen will pay shareholders in the second-largest sportswear operator in China HK$2.03 a share in cash, valuing Pou Sheng at HK$10.9 billion $1.4 billion, according to a stock exchange filing on Sunday.

The sporting goods industry is...

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