If yo-yoing was a major sport, Chinese athletics brand Li-Ning would have a lock on the market for yo-yo gear. In the last four years, the brand has gone from potential global dominance to firing its CEO to moderate success at the London Olympics.

But struggling Li-Ning may be about to catch a big break. If rumors are true — and they appear to be — Li-Ning just drafted NBA superstar Dwyane Wade.

As first reported, and then confirmed, by blog Sneakerwatch, two-time world champion, NBA Finals MVP, and Miami Heat star Wade is going to pass on renewing his deal with Michael Jordan's Nike-backed Jordan Brand and instead sign onto Li-Ning's roster. That's huge news for Li-Ning, and a blow to Jordan Brand.Continue reading...

After enduring months of sliding sales, losses of market share and declining investor confidence at Li-Ning, the CEO of China's most famous athletic brand has resigned. Taking his place: the brand's founder and China's Olympic icon, Li Ning himself.

But does the gymnast turned entrepreneur still have the flexibility to bend his eponymous brand back into shape? And what does this mean for Li-Ning's global expansion aspirations?Continue reading...

Twitter has booted UberMedia's Twitter apps — UberTwitter, Twidroid and Ubercurrent — in a punitive measure against owner UberMedia. CNNMoney calls it the start of a war. As a result, the following celeb accounts using its APIs were temporarily suspended:

• Pop star Rihanna (Almost 3.4 million followers)

• Re-retired cyclist Lance Armstrong (2,743,762)

• Musician Questlove of The Roots (1,478,297)

• Producer Russell Simmons (642,382)

• NFL legend Warren Sapp (511,242)

• NBA star Baron Davis (231,550)

• Actor Donnie Wahlberg (163,632)

• NFL hall of famer and ESPN analyst Mark Schlereth (78,862)

• NFL player Darnell Dockett (59,852)

• World Series pitcher C.J. Wilson (46,501)

Update: UberMedia tweeted that it met Twitter's terms and the impacted accounts have been reinstated. UberMedia CEO Bill Gross discusses the standoff with Om Malik.

AT&T promotes its 4G network with a commercial that rewinds a football player's life back to the moment his dad first bought him tickets to a game, purchased (of course) with his AT&T phone.

Watch more new spots — from Audi, Coca-Cola, TurboTax, Intel and other brands — after the jump.Continue reading...