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Viva China acquires Testoni footwear brand

Viva China, a venture company controlled by Chinese Olympic gold medalist Li Ning and the largest shareholder of his namesake sportswear brand, is to acquire the loss-making Italian shoemaker Amedeo Testoni for HK$81.57 million (US$10.48 million).


Pou Yuen Vietnam workers go on strike

Thousands of workers at a major factory in southern Vietnam went on strike for a fifth day on March 31 in protest over social insurance cover, in a rare show of labour unrest in a country positioning itself as a future Asian manufacturing powerhouse.