Nike CEO John Donahoe says 'brand is of China and for China' after facing boycott

Nike CEO John Donahoe said during an earnings call that Nike is a "brand of China and for China". "We've been in China for over 40 years...and today, we're the largest sports brand there," he added. Earlier, Chinese people called for a boycott of Nike after it expressed concerns over alleged use of forced labour for cotton production in Xinjiang.