{"id":615353,"date":"2021-08-06T10:06:54","date_gmt":"2021-08-06T14:06:54","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=615353"},"modified":"2021-08-06T10:06:55","modified_gmt":"2021-08-06T14:06:55","slug":"nike-ceo-on-doing-business-in-china-very-aligned-with-our-values","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nike-ceo-on-doing-business-in-china-very-aligned-with-our-values\/","title":{"rendered":"Nike CEO On Doing Business In China: \u2018Very Aligned With Our Values\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnike-ceo-on-doing-business-in-china-very-aligned-with-our-values%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=615353&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GettyImages-813070088.jpg?w=1200&amp;h=800&amp;ixlib=react-9.0.3\" class=\"ff-og-image-inserted\" \/><\/div>\n<p>Challenged on Nike\u2019s refusal to speak out more firmly on China\u2019s human rights abuses since his company has a huge market in China, Nike CEO John Donahoe said his company didn\u2019t have to sacrifice any of its values to do business in China, stating that Nike operates \u201cvery aligned with our values.\u201d<\/p>\n<p>Donahoe told CNBC\u2019s Ariel Eisen, \u201cWe participate in sport all over the world, including China.\u201d<\/p>\n<p>\u201cChina\u2019s a very important market for us; we have a long-term history in China,\u201d he smiled. \u201cPhil Knight, our founder, was in China forty years ago, beginning to build what\u2019s now an incredible consumer connection that Chinese consumers have with Nike, with (Michael) Jordan, with Converse.\u201d<\/p>\n<p>\u201cAnd so we continue to invest in China; we have over 7,000 model brand stores in China through our Chinese partners; we\u2019re the number one sports brand on T-Mall, have been for the last decades, still are today,\u201d he boasted.<\/p>\n<p>T-Mall is the biggest business-to-consumer retail platform in Asia.<\/p>\n<p>\u201cAnd so we take a very long-term view in China; we\u2019re continuing to invest in China; we\u2019ll continue to invest in China while also operating a very responsible global supply chain,\u201d he continued.<\/p>\n<p>\u201cYou told an analyst on the conference call last quarter that you are a brand; you said, \u2018We are a brand on China and for China,\u2019 which got a lot of attention given the attention from the U.S. and around the world on the human rights issues, the brutal clamp-down on Hong Kong, questions about where COVID-19 came from,\u201d Eisen noted. \u201cDo you feel like you have to sacrifice your values at all as a company to do business there and to continue to grow and continue those deep roots that you talked about Nike has there?\u201d<\/p>\n<p>\u201cNot at all, Sarah,\u201d Donahoe answered. \u201cWe connect the consumers in markets all over the world. And so I could say go in any country around the world and say consumer in that market consider Nike a brand of their market for them. And so that\u2019s one of the reasons Nike\u2019s been so globally successful. And we operate very aligned with our values, always have been, always will, including throughout our entire supply chain.\u201d<\/p>\n<p>He concluded, \u201cAnd so this is simply part of the challenges of operating a global brand in global markets, And we\u2019ve navigated that very well for fifty years and we will continue to do that.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\" readability=\"7.35960591133\">\n<p lang=\"en\" dir=\"ltr\">I asked Nike\u2019s CEO why not speak out more on China\u2019s human rights abuses when it is so out front on societal issues here in the U.S.? <a href=\"https:\/\/t.co\/ZJU4Udi4aE\">https:\/\/t.co\/ZJU4Udi4aE<\/a><\/p>\n<p>\u2014 Sara Eisen (@SaraEisen) <a href=\"https:\/\/twitter.com\/SaraEisen\/status\/1423383721995116554?ref_src=twsrc%5Etfw\">August 5, 2021<\/a><\/p>\n<\/blockquote>\n<p>In late June, after the huge Chinese market for Nike diminished because Chinese consumers launched a boycott following Nike\u2019s remarks about the reported abuse of the Muslim Uyghurs, Donahoe made sure to reassure the Chinese he was on their side, telling Wall Street analysts, \u2018Nike is a brand that is of China and for China,\u2019\u201d the&nbsp;<a href=\"https:\/\/www.bbc.com\/news\/business-57606588\">BBC<\/a> reported.<\/p>\n<p>\u201cMr. Donahoe made the comments during&nbsp;<a href=\"https:\/\/78449.choruscall.com\/dataconf\/productusers\/nike\/mediaframe\/45222\/indexr.html\">a discussion on Nike\u2019s fourth-quarter earnings<\/a>, which showed revenues had doubled to a better-than-expected $12.3bn (\u00a38.8bn) for the three months to the end of March. That helped it bounce back to a $1.5bn profit, from a $790m loss during the depths of the pandemic a year earlier,\u201d the BBC added.<\/p>\n<p>Nike also lobbied against a bill banning imported goods made with forced labor in China\u2019s Xinjiang region,&nbsp;<a href=\"https:\/\/www.nytimes.com\/2020\/11\/29\/business\/economy\/nike-coca-cola-xinjiang-forced-labor-bill.html\">The New York Times<\/a> reported in November 2020, adding, \u201cXinjiang produces vast amounts of raw materials like cotton, coal, sugar, tomatoes, and polysilicon, and supplies workers for China\u2019s apparel and footwear factories. Human rights groups and news reports have linked many multinational companies to suppliers there, including tying Coca-Cola to sugar sourced from Xinjiang, and documenting&nbsp;<a href=\"https:\/\/www.aspi.org.au\/report\/uyghurs-sale\">Uighur workers in a factory<\/a>&nbsp;in Qingdao that&nbsp;<a href=\"https:\/\/www.washingtonpost.com\/world\/asia_pacific\/china-compels-uighurs-to-work-in-shoe-factory-that-supplies-nike\/2020\/02\/28\/ebddf5f4-57b2-11ea-8efd-0f904bdd8057_story.html\">makes Nike shoes<\/a>.\u201d<\/p>\n<p>In October 2019, Nike, apparently worried about blowback from the Chinese government after the NBA\u2019s Houston&nbsp;Rockets general manager Daryl Morey had supported Hong Kong-based protesters,&nbsp;<a href=\"https:\/\/dailywire.com\/news\/nike-pulls-houston-rockets-merchandise-from-china-stores\/\">removed Houston Rockets merchandise<\/a> from its Chinese stores.<\/p>\n<p>\u201cHouston Rockets sneakers and other merchandise were pulled from several Nike stores in major Chinese cities amid the furor surrounding a tweet from the team\u2019s general manager in support of anti-government protests in Hong Kong,\u201d reported&nbsp;<a href=\"https:\/\/www.reuters.com\/article\/us-china-basketball-nba-nike\/houston-rockets-nike-merchandise-disappears-from-china-stores-idUSKBN1WP109\">Reuters<\/a>. \u201cManagers at five Nike stores in Beijing and Shanghai told Reuters during visits on Thursday they had been told in recent days via a memo from management that all Rockets merchandise had to be removed. Reuters was unable to view the memo. \u2026 Three Nike stores in Shenzhen also kept Rockets merchandise off the shelves, as well as NBA products in general, staff told Reuters by phone. Three Nike stores in Chengdu, a bustling inland city in southwest China, also removed Rockets products.\u201d<\/p>\n<p><em>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <\/em><a href=\"https:\/\/www.dailywire.com\/subscribe\"><em>member<\/em><\/a><em>.&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Challenged on Nike\u2019s refusal to speak out more firmly on China\u2019s human rights abuses since his company has a huge market in China, Nike CEO John Donahoe said his company &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-615353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/615353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=615353"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/615353\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=615353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=615353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=615353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}