By Lauren Brill

The Global Top 10 is your weekly guide to NBA global news. In this week's edition find out about the formation of NBA China, who had an explosive fourth quarter and who provides a promising future for their franchise.

NBA Announces NBA China

After months of preparation and hard work the NBA has announced the formation of NBA China. Former CEO of Microsoft Greater China, Tim Chen, will lead NBA China in managing all of the NBA's business affairs in Greater China. While the NBA has had a strong presence in China for many years, NBA China will collaborate with the Chinese Basketball Association to further the NBA's relationship with China's immense basketball community. Five companies including, ESPN, a division of The Walt Disney Company, Bank of China Group Investment, Legend Holdings Limited, Li Ka Shing Foundation and China Merchants Investments have partnered with the NBA in its effort to successfully execute its plans for the populated country. NBA commissioner David Stern explained, "The opportunity for basketball and the NBA in China is simply extraordinary. The expertise, resources and shared vision of these immensely successful companies will help us to achieve the potential we see in the region."