I reported last week about the troubles faced by the Chinese Basketball Association and particularly teams such as the Shanghai Sharks who were close to bankrupcy. Li Qiuping, a member of Team Yao, has revealed Yao Ming’s interest in helping out his old team with an investment of around 20 million RMB (2.9million USD).

The current owners of the Shanghai Sharks, who finished this season 2nd from last, range from a media group to an airport to a sports institute. The team started having major problems when its lead sponsor, Xiyang …

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I will reserve judgment and analysis on the Yao Ming situation until it’s clear what exactly is the prognosis on his injury. Yao Ming’s agent and the China Basketball Administrative Center seem to be doin the same:

China’s National Basketball Team beat Australia in their second friendly match of the week with an impressive 74-61 victory. NBA stars were largely missing with Australia’s Andrew Bogut, Patrick Mills and China’s Yao Ming and Yi Jianlian all not participating in the match.
Sun Yue, who’s just completed his first season with the Los Angeles Lakers, again failed to impress with only 3 points.
Li Xiaoxu, who’s Yao Ming’s replacement at center, gave another strong performance with 13 points and 9 rebounds just one day after it was announced Yao Ming’s career …

The Chinese National Basketball Team continue their preparations for the 2009 Asia Basketball Championship, and have defeated Australia 84:78 in their first friendly match in Beilun, China.

The Chinese Basketball team was without their two star players Yao Ming and Yi Jianlian, but National team veteran and former NBA player Wang Zhizhi led all scorers with 20 points. Sun Yue came off the bench and also contributed with 4 points and 3 rebounds.
This was Guo Shiqiang’s  first match in charge of the China basketball squad. He will have a chance to collect …