On November 27, market rumors suggested that ANTA SPORTS is evaluating a potential bid for Puma and may collaborate with a private equity firm if it proceeds with the acquisition. Other potential bidders reportedly include LI NING and Japan's ASICS.

In response, ANTA Group stated, "We do not comment on market rumors."

LI NING emphasized its commitment to its core strategy of "single brand, multiple categories, and diversified channels," adding that it remains focused on the growth and development of its own brand. The company clarified that it has not engaged in any substantive negotiations or evaluations regarding the rumored transaction. All material information will be disclosed through official announcements.