Yao Ming steps down as chair of Chinese basketball league's business arm.
Yao Ming has resigned as chairman of the board of the Chinese Basketball Association Management Company, which runs the business arm of the CBA. The reason behind his departure is unknown, but the board of directors has determined it is time for new leadership. Yao remains the president of the Chinese Basketball Association. The CBA has been plagued by allegations of corruption, and two teams were recently ejected from the league finals for engaging in unsporting conduct. Yao's replacement is veteran sports journalist Xu Jicheng.
