Chinese basketball fans are already gleefully predicting Yao Ming will join LeBron James at the Cleveland Cavaliers after reports a Hong Kong-based company is set to take a minority share in the NBA franchise. U.S. media reported over the weekend that New World Development Company was to take a 15 percent holding in the Cavaliers, the second-largest stake after owner Dan Gilbert. The NBA is hugely popular in China with hundreds of millions tuning in to games involving Houston Rockets center Yao and the report has been met with great enthusiasm in Internet chat rooms.
Tuesday, May 26, 2009
Welcome...Yao?
Chinese basketball fans are already gleefully predicting Yao Ming will join LeBron James at the Cleveland Cavaliers after reports a Hong Kong-based company is set to take a minority share in the NBA franchise. U.S. media reported over the weekend that New World Development Company was to take a 15 percent holding in the Cavaliers, the second-largest stake after owner Dan Gilbert. The NBA is hugely popular in China with hundreds of millions tuning in to games involving Houston Rockets center Yao and the report has been met with great enthusiasm in Internet chat rooms.
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