Flash | 22 Jul 2026 08:57:40 ET │ 10 pages Per HKEx, Nike will terminate PS's (a subsidiary of YY) online sales of Nike products in mainland China from 1 January 2027. The stream generated ~15% of PS revenue in FY25, while its contribution to PS profit was insignificant. We estimate this would translate into a low-single-digits earnings impact in YY. PS stays Nike's offline retail partner, and both sides intend to keep developing the channel ecosystem. MFG, where Nike accounts for 45%+ of segment sales, sit ...