SHANGHAI (AP) — Nike Inc. said Monday it plans to build a corporate campus in Shanghai, China.
The sports equipment maker said the campus will be nearly 600,000 square feet and will be located in a new mixed-use development in Shanghai's Yangpu District. Nike said it expects to move into the new campus by the first quarter of 2014.
Nike said the new campus will support its long-term strategy in China, where it has been in business for 30 years. The campus will consist of up to three office buildings and a five-story multi-purpose conference center. It will feature a soccer pitch and regulation-size indoor basketball court.