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  "documentTitle": "ANTA Sports Products Limited (2020.HK)",
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  "authorName": "Carson C. Block",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-07-08 00:00:00",
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  "notes": "The slide presents a bilingual (Chinese/English) transcript comparing the business models of established international brands versus the family-based, clan-driven distribution networks of early ANTA.",
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      "text": "Inside the company the bonding of relatives, their clan and extended family ties are strong. For example, like Mr. Ding Shizhong, currently his largest partners they all started out with him, they are all from the same village, they are all family or relatives, they have strong bonds.",
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      "kind": "quote",
      "text": "But for ANTA and the Jinjiang companies, their development history is different. Because they started out in the business of making shoes, so in the market they could not find those distributors who would be interested and with the ability to sell with which they could cooperate (because their brand is weaker). — Mr. D",
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      "text": "Comparison of brand-distributor relationships between international brands and Jinjiang companies.",
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