Yao Ming Acquires Major Stake In Glory Kickboxing
In January 2016, NBA Hall-of-Famer Yao Ming and partner David Han established a private equity firm, Yao Capital, which aims to help to grow sports and entertainment organizations both in China and overseas.
As of September 12, Yao Capital has become a major stakeholder in Glory Sports International, the parent organization for Glory Kickboxing. Though it is unclear thus far how much Yao Capital invested or how large a stake it now owns, Glory Chairman and co-founder Pierre Andurand called Yao Capital a "
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