Yao Ming, one of the most well-known Chinese NBA basketball players, announced his retirement on this Wednesday. It’s a sad moment for his fans in both U.S. and China; it’s the ending of the NBA version of Yao dynasty. However, Yao is set to write a new chapter in his dynasty – to become an investor.

On the heels of the retirement announcement, anonymous source suggesting Top100.cn, a Chinese copyrighted music streaming and download service, has acquired online streaming service 1ting.com in an aim to rebrand themselves as “Chinese Pandora” and seek for an IPO.

Top100 has just announced raising US$ 20 million in a series B funding led by CMC(CHINA MEDIA CAPITAL), Yao participated in this second-round financing.

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Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.