Interestingly, Nike has RARELY mentioned either of these companies on quarterly calls, at Investor Day events, etc.; I see one instance in the past decade (per BAMSec). A bit odd, no?

FWIW, here's CEO John Donahoe on the Q2 FY22 call: "I'm just going to repeat what I said last quarter and the quarter before, which is NIKE always has, and we always will, take a long-term view in China. We've been there for 40 years... We have built up a very strong brand connection with the consumer in China. We're going to continue to invest to lead in China."