Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024 19:18
According to the Guangzhou Daily, Yao Ming, the retired Chinese professional basketball player, has set up a new company, the “China Professional League Basketball Club (Beijing) Ltd” (Chinese: 中职联篮球俱乐部(北京)股份有限公司), with RMB 45 million registered capital. The company, officially founded on February 14th, is located in Shijingshan District, Beijing.
As stated in the report, 18 of 20 Chinese Basketball Association (CBA) clubs have become the company’s stakeholders. Shanxi Zhongyu Dragons and Zhejiang Golden Bulls are the only two clubs that are absent.
Yao, as a legal representative of the company, has been appointed President and General Manager of the newly-established entity.
As Yutang reported in January, an agreement was reached at that time to set up a non-government management company for the CBA, the men's professional basketball league in China. According to several sources, the main businesses of the company are sports management (excluding high risk sports), sports venue operation (excluding swimming centers), sports goods retailing, events organization and sports consultation.
Proofread by John Devlin.
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024 19:18
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024 16:14
Related coverage
NBA Yao Basketball Club to launch in Shanghai
12 Jan 2015
Another signing for Li-Ning Company’s marketing strategy
01 Apr 2015
Weekly report (2015.2.9-2015.2.22)
28 Feb 2015
CBA Summer League to kick off in July
07 Jun 2017
CBA allows Yi Jianlian, Guo Ailun to wear Nike on the court
30 Oct 2017
More from Yutang Sports
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
Yutang Sports
loading...