Alibaba employs over 254K and TMall is their primary revenue source, for Dragon Holdings to snag Wang Yang- the person currently responsible for TMall new business- is beyond huge.
And Anthony Tsang also has past ties with BABA. Further, consider the news this year of the CCCP cracking down on huge Chinese tech corps like Tencent, Alibaba as well as AliPay to reduce their influence (hence the emphasis on Dragon Cloud and digital currency). Mr. Yan is a gov't employee, so $NOHO very well could fit into their strategy to strengthen Chinese state-owned entities at the expense of big tech.
Oh yeah, Harbin Pharma is state-owned as well. $NOHO is not moving fast with this R/M for no reason...
I think a lot of people lost their ass a few months back and are skeptical about jumping back in. Especially when Mr Yan said it in a tweet, he has no control of NOHO