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Li Ning, chairman and co-chief executive officer of Li Ning Co., during a news conference in Hong Kong, China, on Friday, March 17, 2023. Chinese billionaire entrepreneur and Olympic champion Li Ning is considering taking his namesake sportswear company private from the Hong Kong stock exchange, four people said, adding to a string of such potential deals in a faltering market. Li, 61, founded Li Ning Co a few years after retiring from a decorated gymnastics career in 1988. The discussions to take Li Ning Co private are in the early stages and details have not been finalized, said the sources, who declined to be identified as the information was confidential. Li Ning made its Hong Kong debut in 2004.
Persons: Li Ning, Li Organizations: Hong, Li Ning Co Ltd, HK, TPG, Hillhouse Investment, Hong Kong, Reuters Locations: Hong Kong, China, Hong
The company has developed technology to help create green hydrogen more efficiently and safely. A startup helping others make hydrogen more efficiently and safely just raised $26 million in a Series B funding round. The process is a chemical reaction that splits water into oxygen and hydrogen; hydrogen created this way is known as green hydrogen, in order to differentiate from other production methods. There is strong momentum for green hydrogen from both politicians and the public, Hystar CEO Fredrik Mowill told Insider. "Almost all of the losses in electrolyzers are a result of that resistance across that membrane," Mowill said.
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