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Big multinational companies moving out of China

Famous firms pulling out of the People's Republic
Blizzard Entertainment
Stanley Black & Decker
Dell
HP
Nike
Hasbro
Intel
Samsung
LG Electronics
Puma
Airbnb
Sharp
Google/Alphabet
LinkedIn
GoPro
Sony
BlackRock
Nintendo
Steve Madden
Old Navy/Gap
Under Armour
Superdry
Space NK
The New York Times
Naver
Dentons
Quanta Computer
6 of 28
ANDREW HOLBROOKE/Corbis via Getty Images

Nike

Nike's suppliers have been relocating production facilities to southeast Asia and Africa for some time now, and the company reviewed its supply chains in Xinjiang too, following stories of the alleged mistreatment of Muslim Uyghurs in the region. Swathes of Chinese people then boycotted international brands such as Nike, who chose to speak out against what was happening in Xinjiang. Sales of Nike products in the country have fallen due to this and COVID lockdowns.

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lovemoney staff

02 January 2024

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