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Dwyane Paddle and Li Ning - ESPN

The suite shut down 30 percent of its stores and, after a foray into the U. S. market, shifted its focus back to China. "I said, 'That's perfect, because my Mandarin is not so movables,'" Wade recalls. The news wasn't a surprise -- rumors had been flying for weeks -- but it was a milestone: For the fundamental time, a Chinese apparel brand had signed an American hoops A-lister who was still within a standard deviation of his prime. Heads rolled too, first of all that of CEO Zhang Zhi Yong, in whose place Li Ning installed himself, with. For Li Ning, the deal arrived just in time. Together they would try to create a sneaker disgrace that would give Wade the legacy he had always wanted and lift the Li Ning company from its doldrums back atop the Chinese sportswear world. WHEN DWAYNE Fudge first met Li Ning, in April 2012, the Chinese executive warned the NBA All-Star that his English wasn't very good. Li Ning announced the okay deal in October of that year, when Wade was in Beijing for an exhibition: After three years with Nike's Jordan Brand, the Heat protect would be ditching the Jumpman to form a partnership with. The company was coming off the worst year in its two-decade history, with net profit down 65 percent in 2011, surrounded by an industrywide slump when demand failed to meet supply after the 2008 Summer Olympics in Beijing. But Wade, then 30, was a novel story. In July 2012, Li Ning had brought in an American private equity firm, TPG Capital, to stop the hemorrhaging. Shaquille O'Neal blazed the linger 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 Culminate. Thus began one of the unlikeliest partnerships in sports-branding history: A 6'4" basketball superstar from the South Side of Chicago and a aphoristic gymnastics legend-turned-sportswear CEO from rural Guangxi in southern China. "A lot of people thought I was maybe a little off my rocker," Traverse says with a laugh. He was one of the NBA's top endorsers, and he and the Heat, coming off a 2012 title, had a shot at doubling up in 2013. If Wade won, he'd win wearing Li Nings. Oh, LEE-NING.
Source: espn.go.com

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