Taobo (06110.HK) said it received formal notice from Nike after trading on July
21 that the group's online sales of Nike products in mainland China will cease
on Jan 1, 2027. Nike online-platform sales made up about 22% of the group's
revenue for the fiscal year ended Feb 28, 2026, and the company said the
termination will have a material adverse impact on its business in the near
term.