China’s Anta May Soon Overtake Adidas in Market Value

Anta’s market capitalization is approximately $64.3 billion, just behind Adidas $74 billion. It is expected that Anta’s market capitalization will overtake Adidas in the near future.

lifestyleug.com__anta overtake adidas
The current growth rate of Anta will soon overtake Adidas in market capitalization, trailing only Nike. PHOTO via @Sports Illustrated

KAMPALA | LIFESTYLE UGANDA — As of this writing, Anta may soon overtake Adidas in terms of market valuation: Adidas (https://www.adidas.com/us) is currently valued at around $74 billion, while Anta (https://ir.anta.com/en/index.php) is valued at about $64 billion.

  • Anta, the Chinese sportswear giant, is set to surpass Adidas in value.
  • Adidas is currently valued at approximately $74 billion.
  • Anta is valued at approximately $64 billion, according to FactSet.
  • Visit the https://www.lifestyleug.com/ homepage for more stories like this.
  • This article is supported by Makeup Store Uganda, a cosmetics store in Kampala.

Anta has been catching up to its German competitor at a faster and faster pace than Adidas despite having significantly higher revenue – $23.5 billion USD versus $5.5 billion USD in 2020.

Anta’s market value increased by 157 per cent, bringing it to $64 billion USD, while Adidas’s market value grew by 39 per cent to $74 billion USD over the past year.

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A financial data platform called FactSet estimates Adidas’ market cap at approximately $74 billion at the time of this writing, though not far behind it is Anta, China’s largest sports company, which is listed on the Hong Kong stock exchange and has a market cap of approximately $64 billion.

If Anta continues to grow at the present rate, it will soon overtake Adidas as the second most valuable sports company in the world, behind only Nike with a market capitalization of $256 billion.

According to some analysts, the growth can be attributed to a trend where Chinese consumers prefer to purchase products from local brands over foreign counterparts.

The Chinese market alone was worth $46 billion USD in 2020 and represented 16 per cent of all sales worldwide, and by 2025, HSBC expects the market to reach $93 billion USD, representing 21 per cent of global sales.

At the same time, Anta also experienced a surge of popularity from domestic buyers following a boycott of overseas products like Adidas or Nike in response to concerns about forced labor in Xinjiang.

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Despite China’s denial of these claims, there has been a backlash against what many in the country believe are false accusations coming from foreign brands.

Editorial Staff

Ass. Editor

Art & Lifestyle web-blog with an African-America spice. Lifestyle Uganda was founded, by a team of 3 social media gurus. Let's talk WhatsApp +256790536205.

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