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Dwyane Talk and Li Ning - ESPN

Shaquille O'Neal blazed the drag east by partnering with Li Ning in 2006, followed by Baron Davis in 2008 and rookie Evan Turner in 2010. Kevin Garnett is now with Anta, and Shane Battier and Tony Parker are with Bill. But Wade, then 30, was a different story. The company shut down 30 percent of its stores and, after a foray into the U. S. market, shifted its woolly back to China. "A lot of people thought I was maybe a little off my rocker," Wade says with a laugh. Heads rolled too, primarily that of CEO Zhang Zhi Yong, in whose put Li Ning installed himself, with. Li Ning announced the endorsement deal in October of that year, when Wade was in Beijing for an exhibition: After three years with Nike's Jordan Kind, the Heat guard would be ditching the Jumpman to form a partnership with. Together they would try to create a sneaker brand that would give Wade the legacy he had always wanted and end the Li Ning company from its doldrums back atop the Chinese sportswear world. Thus began one of the unlikeliest partnerships in sports-branding past: A 6'4" basketball superstar from the South Side of Chicago and a compact gymnastics legend-turned-sportswear CEO from rural Guangxi in southern China. The tidings wasn't a surprise -- rumors had been flying for weeks -- but it was a milestone: For the first time, a Chinese apparel stamp had signed an American hoops A-lister who was still within a standard deviation of his prime. The company was coming off the worst year in its two-decade record, with net profit down 65 percent in 2011, amid an industrywide slump when demand failed to meet supply after the 2008 Summer Olympics in Beijing. For Li Ning, the transaction arrived just in time. WHEN DWAYNE WADE first met Li Ning, in April 2012, the Chinese executive warned the NBA All-Star that his English wasn't to a great extent good. "I said, 'That's perfect, because my Mandarin is not so good,'" Wade recalls. He was one of the NBA's top endorsers, and he and the Heat, coming off a 2012 label, had a shot at doubling up in 2013. If Wade won, he'd win wearing Li Nings. Oh, LEE-NING. In July 2012, Li Ning had brought in an American top secret equity firm, TPG Capital, to stop the hemorrhaging.
Source: espn.go.com

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