Former NBA Star Yao Ming Eying Film Business
    2012-01-31 19:41:21     Xinhua      Web Editor: Zhangxu
The retired Chinese basketball superstar Yao Ming has been looking for business opportunities in the film industry, but has not entered it yet, Yao's agent said Tuesday, responding to media's reports claiming that Yao will set up a film finance fund.

The retired Chinese basketball superstar Yao Ming has been looking for business opportunities in the film industry, but has not entered it yet, Yao's agent said Tuesday, responding to media's reports claiming that Yao will set up a film finance fund.

Foreign media report that Jay Cohen, an American film producer, is setting up a film finance fund with Yao Ming, which has caught the attention of China's media and public.

"Yao Ming and our team has not joined or set up any such organizations as the film finance fund," Yao's agent Zhang Mingji told Xinhua, adding that they are open to such kind of business, and are looking for good investment opportunities.

Zhang said, Jay Cohen is a friend of Yao and Yao's team and they have made some discussions on investing in the film industry, but no action has been taken yet.

He went on saying that Yao is currently busy with his study and works in the Shanghai Sharks, a Chinese basketball team, and he has no plan to go to the United States to negotiate investing in the film industry.

Yao, 31, announced his retirement on July 20 last year from the National Basketball Association's Houston Rockets, the U. S. team who made him a global star, and from the Chinese national team five days later.

Since his retirement, Yao has been back to school studying for a university degree in business management and helping manage the Shanghai Sharks.

In November, he set up a company to sell his own brand of wine, and he sold the first bottle for 150,000 yuan (23,766 U.S. dollars) at a charity auction.

Yao is China's first global sports superstar with a personal brand valued at more than 1 billion U.S.dollars.

Share

                  


CRIENGLISH.com claims the copyright of all material and information produced originally by our staff.

CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.

 
Sports Blogs
Major League Baseball Makes the Perfect Pitch
CRIENGLISH.com speaks to Leon Xie, Managing Director of MLB China for his take on the sport's progress at their most recent signature event.
Audio Reports
China
Peng and Hsieh Claim French Open Women's Doubles Title
China's Peng Shuai and Chinese Taipei's Hsies Su-Wei won their second Grand Slam title together by defeating Sara Errani and Roberta Vinci of Italy 6-4, 6-1 in the final of the French Open women's doubles on Sunday.
Stars
Sharapova Floors Halep to Win Second French Open Title
Maria Sharapova claimed her second French Open title when she floored Romanian fourth seed Simona Halep 6-4 6-7(5) 6-4 after a marathon encounter in Saturday's final.
News
China
World
Politics
Business
Sports
Showbiz
Sci-tech
Photo
Recommended
China
World
Sports
Showbiz
Travel
Video
C4
The Sound Stage
Showbiz
Travel
China Revealed
My Chinese Life
Travel
Destinations
Photo Gallery
Recommended
Learn Chinese
"In" Chinese
Chatting in Chinese
Pop Culture
Traditional Culture
Living Chinese
Chinese Studio
Chinese Class
Learn English
Special English
Pop Chart
Everyday English
Fabulous Snaps
CRI News
APEC Yiwu Conference  |  China-Eurasia Expo  |  eBeijing  |  China Job  |  China Tibet Online  |  China Daily  |  Global Times  |  Xinhua  |  China.org.cn  |  CNTV.cn