Berliner Boersenzeitung - Treading fine line, NBA money machine kicks into gear on China return

EUR -
AED 4.120156
AFN 72.364884
ALL 90.803943
AMD 404.528384
ANG 2.007949
AOA 1029.898611
ARS 1734.077131
AUD 1.621035
AWG 2.022213
AZN 1.906081
BAM 1.955937
BBD 2.253758
BDT 138.979752
BGN 1.960881
BHD 0.42253
BIF 3354.750342
BMD 1.121894
BND 1.432207
BOB 13.298696
BRL 6.180617
BSD 1.118979
BTN 105.025369
BWP 15.374599
BYN 3.350535
BYR 21989.116896
BZD 2.250558
CAD 1.584148
CDF 2570.258612
CHF 0.919678
CLF 0.027618
CLP 1086.958598
CNY 7.486172
CNH 7.481113
COP 3675.536984
CRC 506.835563
CUC 1.121894
CUP 26.855884
CVE 110.270772
CZK 24.341896
DJF 199.263982
DKK 7.475391
DOP 68.084777
DZD 152.624682
EGP 60.451115
ERN 16.828406
ETB 180.792892
FJD 2.526282
FKP 0.835984
GBP 0.834594
GEL 2.90596
GGP 0.835984
GHS 13.075684
GIP 0.835984
GMD 83.020251
GNF 9913.739794
GTQ 8.5506
GYD 234.582278
HKD 8.799058
HNL 30.074574
HRK 7.59411
HTG 146.670291
HUF 362.320075
IDR 20262.354178
ILS 3.543827
IMP 0.835984
INR 104.947573
IQD 1699.668985
IRR 2134162.158274
ISK 137.16221
JEP 0.835984
JMD 177.762473
JOD 0.795385
JPY 177.333286
KES 145.756022
KGS 98.109695
KHR 4566.320402
KMF 492.511066
KPW 1009.704304
KRW 1510.529067
KWD 0.348718
KYD 0.932565
KZT 502.045227
LAK 25242.608639
LBP 100206.73114
LKR 372.066107
LRD 190.233348
LSL 18.477482
LTL 3.31266
LVL 0.678622
LYD 7.190505
MAD 10.932472
MDL 20.170415
MGA 5155.101381
MKD 61.541364
MMK 2355.63634
MNT 4040.44421
MOP 9.037734
MRU 45.421187
MUR 52.76234
MVR 17.288641
MWK 1940.336146
MXN 20.784538
MYR 4.548717
MZN 71.700386
NAD 18.477574
NGN 1510.069344
NIO 41.083519
NOK 10.545145
NPR 168.037795
NZD 1.990812
OMR 0.43133
PAB 1.119079
PEN 3.85047
PGK 5.036742
PHP 70.770227
PKR 310.314733
PLN 4.385572
PYG 6994.490778
QAR 4.090487
RON 5.342349
RSD 117.608052
RUB 92.555869
RWF 1655.516162
SAR 4.218787
SBD 9.084309
SCR 16.429785
SDG 674.81632
SEK 10.994205
SGD 1.434341
SHP 0.834773
SLE 25.747516
SLL 23525.555278
SOS 639.544875
SRD 42.129343
STD 23220.934893
STN 24.501719
SVC 9.791687
SYP 14586.861783
SZL 18.395799
THB 37.502602
TJS 10.272421
TMT 3.937847
TND 3.374093
TOP 2.701251
TRY 56.347225
TTD 7.589533
TWD 36.871595
TZS 2967.406681
UAH 50.976387
UGX 4582.239831
USD 1.121894
UYU 45.123166
UZS 13422.941839
VES 1006.540888
VND 28695.797549
VUV 134.628489
WST 3.11898
XAF 655.957
XAG 0.021165
XAU 0.000272750831
XCD 3.031974
XCG 2.016742
XDR 0.793237
XOF 655.957
XPF 119.331742
YER 265.336214
ZAR 18.376058
ZMK 10098.392022
ZMW 22.743596
ZWL 361.24932
SSP 6446.193262
MXV 2.33655
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Treading fine line, NBA money machine kicks into gear on China return
Treading fine line, NBA money machine kicks into gear on China return / Photo: Eduardo Leal - AFP

Treading fine line, NBA money machine kicks into gear on China return

The NBA brought star-studded lineups to Macau this week for the league's return to China after six years but many of the biggest wins happened off the basketball court, industry insiders and experts told AFP.

Text size:

Thousands of fans cheered Friday as the Phoenix Suns -- led by four-time NBA All-Star Devin Booker -- beat the Brooklyn Nets, with celebrities such as David Beckham, actor Jackie Chan and Alibaba founder Jack Ma in front-row seats.

It heralded the NBA's return to China for the first time since being effectively frozen out of the country in 2019 after a team official tweeted support for democracy protests in Hong Kong.

Hours after Friday's pre-season match at a sold-out Venetian Arena, US President Donald Trump announced an additional 100 percent tariff on China, underscoring the volatile backdrop of the NBA's detente with Beijing.

Even so, the NBA and star players are rushing back to the post-pandemic Chinese market, with LeBron James and Stephen Curry visiting the country this year to hawk their brands.

"One thing a lot of the athletes would say is that everyone read about James Harden coming to China (in 2023), selling his wine and selling out in like 60 seconds," said Michael Lin, a VP at sports digital agency Mailman, an IMG company.

Booths near the arena showed off the NBA's Chinese brand partners, including e-commerce behemoth Alibaba, live-video app Kuaishou and dairy giant Mengniu, as well as merchandise aimed at younger consumers.

David Leiner, president of trading cards for Fanatics Collectibles, said the company recently started selling China-specific NBA card packs in more than 30 cities, adding that the 10 yuan ($1.4) entry price point was "critical".

"For us, it was very important to get the product broadly distributed," Leiner told AFP.

- Decades of business -

China became a priority for the NBA in the early 2000s in part due to Yao Ming's superstardom, said Mark Fischer, former managing director of NBA China.

Fischer said the business entity NBA China was valued at $2.3 billion around the time of its 2008 formation.

That figure grew to more than $4 billion a decade later, according to NBA deputy commissioner and COO Mark Tatum in a 2018 Forbes interview.

In 2019, the league signed a deal reportedly worth $1.5 billion with Tencent on exclusive online streaming rights.

But that was soon overshadowed when Houston Rockets official Daryl Morey went public in support of Hong Kong protesters.

The NBA making its return in Macau showed that Beijing was "opening the side door but not the main gates and red carpet just yet", said Fischer, now an international sports consultant.

Macau is a special administrative region of China, distinct from the mainland, and famous for its casinos.

The teams are also taking their chance to claw back missed revenues from the vast China market.

The Suns hired the marketing team behind American internet celebrity IShowSpeed's well-received China streaming tour.

"We're going as far as working with (the Suns) to shoot content around the players eating mooncakes and making sure that the correct terminology around Lunar New Year versus Chinese New Year is used," said Andrew Spalter, founder and CEO of digital marketing firm East Goes Global.

The Nets, owned by Alibaba chairman Joseph Tsai, have an in-house Chinese social media team.

- Warning -

Victor Cha, a geopolitics expert at the Center for Strategic and International Studies, warned that China still held the "ultimate form of power over the NBA" and could leverage its huge market to force firms to self-censor.

A sports marketer in China who spoke on condition of anonymity said the Morey tweet took just minutes to trigger online outrage and that because of the sheer number of people in and around the NBA it will be "impossible" to avoid a similar incident.

"We know how quickly things can spiral out of control," the source said.

"It's not even about an individual NBA player, it's anybody associated with the brand."

Appearing in Macau on Thursday, Las Vegas Sands president and COO Patrick Dumont tried out Alibaba's AI technology that purported to translate spoken NBA match commentary from English to Chinese, or vice versa.

The Dallas Mavericks owner asked if he could say anything he wanted, as opposed to reading out scripted lines shown to him on a screen.

His host pointed at the text and replied, "Technically, you can say what you want, but this would be the most optimised."

(P.Werner--BBZ)