China’s Anta Sports Products Ltd. announced it has acquired a minority stake in German sportswear company Puma, positioning itself to compete with industry giants Nike and Adidas. The move is part of Anta’s strategy to expand its global presence and challenge the dominance of the two major brands in the sportswear market.

Read more at Investing.com: With Puma stake, China’s Anta seeks to enter the arena with Nike and Adidas