As we mentioned before, Yao Ming announced his retirement on 20th, July this year, the ending of the NBA version of Yao dynasty, yet a new chapter in his dynasty โ to become an investor โ is set to be wrote.
As itโs known to all, Yao invested in Top100.cn, a copyrighted music streaming and download service, UniStrong, the largest Chinese GPS device manufacturer among others. And recently during an interview Yao elaborated bit more about his investment mindset.
As for why picking up UniStrong, he said that:โFirstly, Iโm always a big fan of high-tech stuff, By using them I get the most out of them. Secondly, spatial information technology is the emerging pillar industry with unlimited business value and profound potential. Based on my knowledge of UniStrong and our teamโs ongoing research of this industry, we have faith in its future and believe this company will play a big role in Chinaโs spatial information technology. I personally attach much importance to the long-term value of every investment deal we made.โ
Yao continued with:โTwo keywords of my investment mindset should be โinterestsโ and โunderstandingโ. Every deals from Shanghai Sharks, Top100.cn to UniStrong, from sports, music to spatial information technology, all those are emerging industries that I enjoy and familiar with. I invest in them because I have faith in its future development under Chinaโs maturing market. Itโs foreseeable that there would be pitfalls and setbacks. However, we shouldnโt judge them and make hasty decisions based on what we learnt from traditional industries. Stocks go up and down all the time, I donโt pay much attention to the short-term revenue for long-term value is what Iโm looking for.โ
