But the Beijing Olympics is history, and sportswear advertising has returned to Earth, with the top 10 brands – foreign and domestic – cutting budgets by 32% to RMB3.0 billion in 2009 from RMB4.4 billion in 2008, according to Nielsen. Subsequent international sporting events – for example, the 2009 East Asian Games, held in Hong Kong in December 2009, or the recently concluded 16th Asian Games in Guangzhou – failed to reinflate the Olympic ATL adspend bubble. During the first nine months of this year, top spender Nike spent RMB354.5 million, only a tad more than second place HongXing Erke (RMB347 million). Third-placed Li Ning (RMB300 million) and fourth-placed Peak (RMB280.7 million) budgeted enough to put Adidas in fifth place (RMB247.6 million). The figures cover TV and print, and may reflect a rush into traditional media by local players post- Olympics.