YoY R&D investment growth of China's leading domestic sportswear players 2022
In 2022, Li-Ning invested 29 percent more in research and development (R&D) compared to the previous year. This was the highest year-over-year R&D spending increase among China's leading domestic sportswear brands. X-Step followed with 18.6 percent growth. Meanwhile, Anta Sports increased its R&D investment by 14.6 percent, yet ranking first in terms of investment amount.