Nike’s chief executive said that the corporation is a “brand that is of China,” amid recent allegations of the company being connected to human rights violations conducted by the Chinese Communist Party (CCP). “Nike is a brand that is of China and for China,” CEO John Donahoe told Wall Street analysts last week in response to a question about competition from Chinese companies during a call about fourth-quarter earnings, the BBC reported. “We’ve always taken a long-term view. We’ve been in China for over 40 years,” Donahoe said, expressing his optimism that the brand will continue to grow quickly in the world’s most populous country. Donahoe also referred to the apparel brand’s co-founder and former CEO, Phil Knight. “Phil invested significant time and energy in China in the early days, and today we’re the largest sports brand there,” he said. Nike was recently criticized by a U.S. senator for turning a blind eye …
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