From overseas press
Yao's departure and NBA's future in China
Updated: 2011-07-12 15:10
(chinadaily.com.cn)
As China's basketball icon Yao Ming is set to announce his retirement from the NBA on July 20, a once burgeoning Chinese basketball market seems to be at risk. "Will Yao Ming's departure endanger the NBA in China?" asks an article in CNN.com.
Citing a Monday poll on Sina Weibo, China's answer to twitter, the article says 57% of the respondents said they would stop watching the NBA after Yao's retirement. For the NBA, which is now facing a lockout because of salary disputes between its players and owners, "the exodus of China’s loyal NBA fan base could be devastating."
China is currently the largest market for the NBA outside the US, drawing on average 30 million viewers every week. China also contributes about half of the NBA's international revenue, says NBA Deputy Commissioner Adam Silver.
An estimated 300 million people in China play basketball, which serves as a high market for ventures such as NBA China, valued at roughly $2.3 billion, according to a Goldman Sachs report.
Basketball's popularity is also attested by China's social media users, says the article. On Sina Weibo, the NBA has 4.35 million followers - almost twice as many as it does on Twitter.
Despite growing interest in the sport, there is no doubt that Yao was the centerpiece of the NBA’s allure in China. His personal brand is valued at more than $1 billion, the AFP reported, and is consistently supported by endorsement deals and regular media appearances.
At least for now, there is no heir apparent to China's basketball throne, the article claims. With just one remaining Chinese national in the NBA - Yi Jianlian - it's difficult to predict whether the league will maintain its popularity in the world’s most populous nation.
E-paper
Burning desire
Tradition overrides public safety as fireworks make an explosive comeback
Melody of life
Demystifying Tibet
Bubble worries
Specials
90th anniversary of the CPC
The Party has been leading the country and people to prosperity.
Say hello to hi panda
An unusual panda is the rising star in Europe's fashion circles
My China story
Foreign readers are invited to share your China stories.