Yao Ming takes aim at reform of pro basketball
Right after earning the biggest individual honor in basketball, China's retired hoops icon Yao Ming has already set his sights on a higher goal: to push the professional reform of the game's management in China.
Former NBA All-Star Yao, who was recently inducted into the Naismith Memorial Basketball Hall of Fame, has embraced a new role in his post-NBA career - as the initiator of a newly-registered incorporated company, which was tasked with reforming the game's counterproductive administration through more professional approaches.
Yao was recently appointed president of the new company by 18 Chinese Basketball Association club shareholders, including himself, who established the entity with registered capital of 45 million yuan ($6.9 million) in February.