Ex-NBA star Yao Ming has taken his first foray into basketball investment in almost a decade, joining a host of global heavyweights in backing a fledgling regional college competition.
The Asian University Basketball League (AUBL) concluded its Series A funding round, typically used to generate cash for development and expansion, on Thursday.
Blue Pool Capital, the family office of Brooklyn Nets owner Joe Tsai, led the round, which built on the Alibaba co-founder’s seed investment last May....
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