"Taobo's subsidiaries, which number over a hundred, have been deregistered."

According to media reports, Nike will remove thousands of online distributors in China and announce that the online authorization of Topsports will be completely terminated at the beginning of next year. The Tianyancha App shows that Topsports affiliated company Topsports Enterprise Development Co., Ltd. was established in March 2016, with Zhang Huijing as the legal representative and a registered capital of 100 million RMB. Its business scope includes retail of sports goods and equipment, sales of leather products, retail of shoes and hats, etc., with Feng Bang Limited holding full ownership. The information about the controlling company shows that more than one hundred companies under the company have been cancelled. The information about the branch offices shows that all branch offices under the company have been cancelled.