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The company was founded in 1989 by Li Ning, a former Chinese Olympic gymnast.As of 2015, Li Ning remained the chairman of the company's board of directors. [3] In 2005, Li-Ning created a joint-venture with French sports apparel company, AIGLE, giving Li-Ning the exclusive right to be the sole distributor of AIGLE's products in China for 50 years. [4]
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