Founder and CEO of Realeague Jay Li talks about launching the Asian University Basketball League and creating a pipeline for the NBA’s next Asian stars
Jay Li has spent his career at the intersection of Asian and American basketball. After working in the NBA’s business development division in New York, he moved to the Chinese Basketball Association (CBA) to serve as chief of staff to CBA president Yao Ming, before founding the Asian University Basketball League (AUBL) in 2024. Now CEO of that venture, which is backed by Alibaba cofounder and chairperson Joe Tsai—who also owns NBA team the Brooklyn Nets—Li oversees a pan-regional competition featuring 12 elite universities from Hong Kong, the mainland, Japan, Korea and Taiwan, including Beijing’s Tsinghua University and Peking University, Yonsei University in Seoul, National Chengchi University in Taipei, and Hong Kong University.

Above Jay Li (Photo: courtesy of Zed Leets/Tatler Hong Kong)
The league’s inaugural tournament in Hangzhou in August last year attracted more than 30,000 spectators. Supported by the Asian University Sports Federation, AUBL aims to formalise what has long been fragmented: a collegiate development pathway for Asia’s basketball talent. With millions of basketball fans across the continent but few East Asian players reaching the NBA—currently, just seven Chinese-born players have ever competed in the league—Li believes the hurdle has been missing infrastructure, not talent. The league plans to expand from 12 to 16 teams and transition from a tournament format to a full season schedule this year, signalling the growing demand and its ambition to become a permanent institution rather than an experimental venture.

Above Jay Li (Photo: courtesy of Zed Leets/Tatler Hong Kong)
Li’s revelation came when he observed a fundamental gap in Asia’s basketball ecosystem. “The single missing puzzle to elevate Asia’s basketball ecosystem is through better university-level competition,” he says. “In the US, NBA players become famous when they are student athletes; and college basketball historically attracts some of the world’s biggest sports audiences.”
The solution, he believes, isn’t to replicate professional league models, but to lean into what matters in Asia. “Education has always been one of the most valued aspects of Asian families and societies,” Li says. “Instead of trying to build a professional league, I saw that the real opportunity was to reimagine collegiate sport as the bridge—linking education, professional development and fandom in a much more socially impactful way than just basketball itself.”

Above Jay Li (Photo: courtesy of Zed Leets/Tatler Hong Kong)
Before AUBL, the infrastructure existed in fragments. “You already have some strong domestic university competitions across key markets, but everything happens in pockets,” Li says. “We want to connect those dots and create a single stage where the best young players from across the region can compete, grow and be seen.” The league is constructing what Li describes as essential foundation: “a pan-regional home-and-away competition system, production and broadcast that give [universities] international exposure, and a digital content pipeline that tells the players’ stories to a global audience”. For Li, it is far more than a sporting competition. “To us, AUBL is a movement to build the culture that connects what young people care about and turns that energy into something the whole region can rally around.”
Our goal is for the Asian University Basketball League to feel as intense and emotional as March Madness, but with its own flavour
Asian universities bring unique advantages to this model, he says, describing them as “some of the most powerful brands in the world”. While March Madness—the National Collegiate Athletic Association (NCAA) Division I men’s and women’s basketball championship tournaments and all the interest that surrounds it—provides a reference point, he’s adamant that something rooted in regional culture needs to exist. “What we are creating is something distinctly Asian, shaped by the academic prestige of the institutions here and the way families view education; and the cross-border nature of the league.”
The league also plans to reflect contemporary Asian youth culture. “We want to lean into the cultural diversity of the AUBL, weaving elements of K-pop, anime and streetwear culture into our events. Our goal is for the AUBL to feel as intense and emotional as March Madness, but with its own flavour.” Basketball fanatic Tsai’s backing came naturally. “Joe is a firm believer in combining the power of sports with education, and many of his philanthropic initiatives are centred around that theme,” Li says. “So, when I approached him with the idea of AUBL two years ago, it immediately resonated with him— the rest is history.”

Above Jay Li (Photo: courtesy of Zed Leets/Tatler Hong Kong)
Li’s career trajectory shaped his approach to building AUBL. “I learnt what it means to operate at a global standard at the NBA; I learnt the importance of context and humility while assisting Yao reform the CBA.” But one lesson stands above the rest. “Each stop in my career has allowed me to see things from a different perspective, but my biggest takeaway of all is to invest in the people,” he says. “Sports business is all about the people, on or off the court. My job at the AUBL is to attract and develop the best talent who shares this passion and vision.”
For now, Li is thinking beyond traditional metrics like NBA draft picks or attendance figures to measure the success of the league. “I’m very inspired by the success of K-Pop Demon Hunters,” he says, referring to the record-breaking animated film. “It sets a new north star for people who work in media and entertainment in Asia. For our five-year goal, I want AUBL to become a keyword when people think of Asian youth culture with global impact.”
Credits
Production: Carlos Hui
Photography Assistant: (Retouch) Jove Tsin Li
Photography Assistant: Garrett Cheung
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