Core Insights - Decathlon plans to sell approximately 30% of its Chinese subsidiary, with an estimated valuation of €10-15 billion (around ¥100 billion), marking the first significant equity transfer in nearly 50 years [1][2] - The decision is driven by competitive pressures in the Chinese market and the need for strategic restructuring amid declining profitability [2][4] Group 1: Strategic Rationale - The equity sale is a response to increasing competition from local brands like Anta and Li Ning, which have been capturing market share through localized designs and digital marketing [2][3] - The move towards a mixed strategy of "capital increase and share transfer" allows Decathlon to optimize its asset structure while maintaining control over its core supply chain [3][4] - The funds from the equity sale may support Decathlon's supply chain diversification strategy, particularly as it shifts some procurement focus to India [3][7] Group 2: Market Position and Challenges - Decathlon China has a localized supply chain with a design center in Suzhou and factories in Shandong, enabling it to maintain competitive pricing [4][5] - Digital sales in China account for 25% of total sales, surpassing the global average of 20%, indicating a successful transition towards digitalization [4][6] - However, Decathlon faces structural challenges, including pressure from local brands and a need to enhance customer experience compared to competitors [5][6] Group 3: Future Outlook - The equity sale could lead to two potential transformation paths: collaboration with local retail partners for deeper market penetration or a more aggressive digital transformation led by financial investors [7][8] - Regardless of the outcome, maintaining control over the strategic direction remains a priority for Decathlon's founding family [7][8] - The equity experiment reflects a broader trend of multinational companies adapting to local market dynamics and consumer preferences in China [8]

Group 1: Manufacturing and Innovation in Jilin Province - Jilin Province's high-tech industry sales revenue increased by 8.69% year-on-year from January to May, with digital product manufacturing and high-tech manufacturing growing by 4.28% and 5.25% respectively [1] - Jilin Province's manufacturing innovation is supported by tax authorities, which help companies strengthen internal control mechanisms to prevent tax risks [1] - The company Deer Man Socks has integrated advanced technology in its production process, allowing a single worker to manage 32 machines and produce 200,000 pairs of socks daily [2] Group 2: Tax Compliance and Risk Management - Deer Man Socks faced a downgrade in tax credit rating due to late financial reporting but improved its compliance and regained an A-level credit rating, which has helped restore market trust [3][2] - Jilin Chemical Fiber Group has invested 762 million yuan in R&D from 2017 to 2024 to overcome challenges in high-performance carbon fiber technology, achieving a 31% year-on-year increase in sales revenue in the first five months of this year [4] - The company has established a dedicated tax compliance position and integrated risk prevention into daily assessments, reducing human error rates by 60% through digital management [4] Group 3: Commercial Aerospace Development - Chang Guang Satellite Technology Co., Ltd. has developed the "Jilin-1" satellite constellation, becoming the largest commercial remote sensing satellite constellation globally, with 140 satellites launched [6] - The company emphasizes compliance in tax management, implementing strict internal controls and integrating tax systems with business and financial systems to ensure compliance at every operational level [7] - Jilin Province's tax authorities are focused on optimizing tax services and strengthening compliance management to support the acceleration of innovative enterprises [7]

Core Viewpoint - The article emphasizes the increasing popularity of running as a sport and the importance of proper preparation, technique, and recovery to enhance the running experience and reduce injury risks [5][28]. Preparation Before Running - Health assessment is crucial; individuals with underlying health conditions or severe obesity should consult a doctor before running [7]. - Proper equipment selection is essential, including choosing the right running shoes based on foot arch type and ensuring they are not overly worn [8][9]. - A thorough warm-up routine is recommended to prepare the body for running, including dynamic stretches and specific exercises to activate muscles [11][16]. During Running - Maintaining correct running posture is vital, including keeping the head up, core engaged, and avoiding excessive impact on the knees [18][20][21]. - Gradually increasing running intensity is advised, following the "10% rule" to prevent injuries and ensure sustainable progress [22]. - Monitoring body signals, such as heart rate and physical discomfort, is important to ensure safety during runs [23]. Post-Running Recovery - Cooling down with light jogging or walking for 5-20 minutes is recommended to help the body transition after running [25]. - Static stretching of major muscle groups should be performed to aid recovery [25]. - Adequate hydration and nutrition, including carbohydrates and proteins, are essential for muscle repair [25][26]. - Rest days are necessary to allow the body to recover fully [26]. - Engaging in cross-training activities can enhance overall fitness and reduce the risk of overuse injuries [27]. Overall Benefits of Running - Running is highlighted as a low-barrier activity that can be enjoyed by people of all ages and fitness levels, promoting health and well-being [29][30]. - Long-term running can improve cardiovascular health and assist in managing mental health issues [31].