Former NBA star Yao Ming's investment empire
(chinadaily.com.cn) Updated: 2016-08-10 06:384 Music website "Top 100"
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Retired Chinese basketball star Yao Ming poses at the world premiere for the Chinese version of the music drama "The Lion King" at the Shanghai Disney Resort in Pudong, Shanghai, China, June 14 2016.[Photo/IC] |
Yao had invested $3 million yuan in a music website 'Top 100" in 2006. The investment later proved to be a failure after the website shut down for various reasons a few years later.
The website's business model was to cooperate with record companies across the world and offer users free music services.
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