Who owns Double Happiness?
Double Happiness is not wholly owned by any single company recorded here: Li Ning (China, HKEX: 2331) holds a 47.5% stake.[1]
Key facts
- Largest stakeholder
- Li Ning Company Limited (47.5% stake) reported
- Since
- Not recorded
- Headquarters
- 🇨🇳 China, Beijing
- Origin
- 🇨🇳 China
- Category
- Apparel, footwear & accessories › Sportswear & footwear › Activewear
- Parent ticker
- HKEX: 2331
- Last verified
- · 1 sources
About Double Happiness
Double Happiness is a table tennis equipment brand made by Shanghai Double Happiness Co., Ltd., in which the Chinese sportswear group Li Ning holds an effective 47.5 per cent. Li Ning accounts for the company as an associate rather than a subsidiary: it has the right to appoint a director and influences policy, but does not control the business outright.
Ownership timeline of Double Happiness
Where Double Happiness sits in Li Ning
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Li Ning ownership tree →
Other brands handled by Li Ning in apparel, footwear & accessories
Latest news about Double Happiness
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Frequently asked questions
Who owns Double Happiness?
No single company recorded here owns Double Happiness outright. Li Ning holds a 47.5% stake.
Does Li Ning control Double Happiness?
No. A 47.5% holding does not give control, so Li Ning shares ownership with others.
Where did Double Happiness come from?
Double Happiness originated in China.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Li Ning Company Limited — Annual Report 2025 — Li Ning Company Limited, Annual report; retrieved 16 September 2026.
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