SPORTACCORD 2024 INSIGHTS: Touchdowns, Home Runs and Slam Dunks
12 Jun 2024 15:50
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.
Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024 14:40
Related coverage
Lihon Lubricant sponsors China men’s national basketball team
10 Nov 2017
Gou Zhongwen issues 10 recommendations on basketball development
03 Jan 2017
NBA Yao Basketball Club signs with Fuzhou Education Bureau
20 Oct 2017
Weekly Report: CBA Playoffs and NBA All-Star lift CCTV 5's ratings
23 Feb 2016
NBA China renews partnership with Dongguan Basketball School
12 Oct 2015
More from Yutang Sports
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024
SPORTACCORD 2024 INSIGHTS: Paris 2024 here we come!
02 Jul 2024
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
SPORTACCORD 2024 INSIGHTS: Touchdowns, Home Runs and Slam Dunks
12 Jun 2024
Yutang Sports
loading...