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MINNEAPOLIS Minnesota Timberwolves owner Glen Taylor is bringing in two new minority partners to his ownership group kyrie 2 ky-reer high for sale , including the NBA's first Chinese owner, a person with knowledge of the situation told The Associated Press.
Shanghai investor Lizhang Jiang and New Jersey real estate mogul Meyer Orbach are joining the Timberwolves' ownership group, the person said Monday on condition of anonymity because the deal has not been finalized. The person said Orbach has agreed to acquire 9.5 percent of the team while Lizhang will be brought in at 5 percent. The 35-year-old Lizhang works in sports marketing in China.
Shanghai investor Lizhang Jiang
The NBA has long been heavily invested in growing the game in China, with former Houston Rockets center Yao Ming helping to make the league wildly popular in a nation of 1.4 billion people. And even though Liang will only buy 5 percent of the team kyrie 2 easter for sale , his presence could help raise the Timberwolves' profile in China and bring new marketing possibilities to a team that historically has not been a big seller abroad.
Cleveland Cavaliers owner Dan Gilbert negotiated with a Chinese group to sell 15 percent of the team back in 2009, but that deal never was completed.
Orbach heads the Orbach Group, a prominent real estate development company based in Englewood Cliffs, New Jersey. The company owns apartment buildings in New Jersey and New York.
Taylor has long been in search of a successor for the Timberwolves kyrie 1 usa for sale , a person or group committed to keeping the team in Minnesota while also allowing him to continue to operate as the majority partner for the next couple of years. He was in serious discussions with a group led by Memphis minority owner Steve Kaplan last year, but Kaplan's inability to extricate himself from the Grizzlies have stunted that process.
When Taylor hired a new leadership team in basketball operations in April, naming Tom Thibodeau has coach and president and Scott Layden as general manager, he made it clear that he planned to be at the top of the Wolves for some time.
At that point kyrie 1 uncle drew for sale , Taylor had already identified Liang and Orbach as future investors who could provide significant cash but did not have the same designs on a future majority role that Kaplan had when negotiations opened up last year.
There remains some optimism on Kaplan's side that a deal could eventually be completed that would allow him to take on a 30 percent share initially before taking over from Taylor in a few years. But Taylor is moving ahead for now with Thibodeau on board and a promising young roster that includes Karl-Anthony Towns, Andrew Wiggins and Zach LaVine. Minnesota has played 12 consecutive seasons without a playoff berth.
HANOI, Sept. 15 (Xinhua) -- Vietnam's fruit and vegetable export value is expected to reach 2.5 billion U.S. dollars in 2016, surpassing rice export revenue for the first time, the Ministry of Agriculture and Rural Development (MARD) announced on Thursday.
According to the ministry, the vegetable and fruit industry grew from earning 235 million U.S. dollars in 2005 to a record high of some 1.8 billion U.S. dollars in 2015.
In 2005, Vietnamese fruit and vegetables were shipped to 36 markets while the figure rose to 60 markets in 2015.
Le Quoc Doanh, Deputy Minister of MARD was quoted by the state-run news agency VNA as saying that Vietnam has emphasized rice exports for many years.
However, rice exports have been in downward trend. In January-August period, exports of Vietnamese rice experienced a decrease of 16.6 percent in volume and 13.1 percent in value year-on-year, said MARD.
At the same time, the world market has growing demand in fruit, so the country should promote fruit exports in the future, said Doanh.
Vietnam's Mekong Delta region alone has total annual output of 3.18 million tons of fruits for local consumption and exports, said MARD, adding that key fruit products include dragon fruit, mango, rambutan, durian, star apple, pomelo, longan, orange and tangerine.
BEIJING, July 15 (Xinhua) -- Despite a continued slowdown, China's industrial sectors may walk out of their worst period and provide a firm footing for stabilization of the economy kyrie 1 pe for sale , new data has suggested.
Industrial output grew 6.3 percent year on year in the first half of 2015, slightly down from a 6.4-percent increase in the first quarter, data released by the National Bureau of Statistics (NBS) showed on Wednesday.
In an encouraging sign, the growth rate has gradually recovered from 5.6 percent in March kyrie 1 home for sale , the lowest level since the global financial crisis in 2008.
Surpassing market anticipation, China's industrial output climbed by 6.8 percent from a year ago for a third straight month of increases in June.
The manufacturing sector showed stellar performance by rising 7.7 percent in the last month. The mining industry rose 2.7 percent, and output for electricity, heating kyrie 1 flytrap for sale , gas and water was up 2.1 percent.
Industrial enterprises raked in combined profits of 2.25 trillion yuan (nearly 370 billion U.S. dollars) in the Jan.-May period, down 0.8 percent from a year earlier, the NBS said.
China uses industrial output, officially called industrial value added kyrie 1 easter for sale , to measure the activity of designated large enterprises with annual turnover of at least 20 million yuan.
NBS spokesperson Sheng Laiyun said during a press conference that the industrial structure has continued to improve and high-tech sectors maintained double-digit growth.
China's economy posted a better-than-expected 7 percent growth year on year in the second quarter of 2015, unchanged from the first quarter.
The NBS also released a string of other economic indicators including retail sales and investment on Wednesday.
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