Reuters reported yesterday, citing four sources familiar with the matter, that Olympic champion Li Ning is considering privatizing his namesake sportswear company from the Hong Kong Stock Exchange. It’s noted that Li Ning has been in discussions with various global and regional private equity firms, including TPG, PAG, and Hillhouse Capital, but discussions regarding the privatization are still in the early stages, with details yet to be finalized. As of now, neither the company nor Li-Ning has commented on this matter. Li-Ning’s Hong Kong stock price surged rapidly yesterday afternoon, with the increase expanding to 16 percent.