Yao Ming, 1980 was born in Shanghai on September 2nd, which is the symbol and pride of basketball in China. He used to be a member of China's national basketball team and played for Shanghai Shark Basketball Club. Now he plays for Houston Rockets in NBA. In 2009, Yao Ming's wholly-owned Shanghai Tiger Shark Investment Management Co., Ltd. reached an agreement with the shareholders of Shanghai Oriental Basketball Club on the transfer of the club's equity, and formally signed the Framework Agreement on the transfer of the club's equity. Yao Ming became the owner of Shanghai Oriental Basketball Club.