Decathlon responds to rumors of selling 30% stake in Chinese business: always rooted in China for long-term development.

Decathlon is rumored to be considering selling a portion of its shares in its Chinese business. On April 29, local time, according to reports citing sources, the French sports goods store Decathlon has initiated the process of selling approximately 30% of its shares in its Chinese business, with a potential valuation of about $1 billion or more. On April 30, Decathlon China responded by saying that Decathlon has always been rooted in China for long-term development, working hand in hand with Chinese consumers and partners, "We are firmly committed to carrying out our corporate mission: using the power of sports to create a better life, and making the joy of sports accessible to everyone in China. We have no comment on market rumors."