In essence it's saying Yao is dominant like Shaq, and Chinese like Chan. Well Yao is neither, not as good as Shaq right now, and not a goofy Hong Kong movie star.
On that NBA Fastbreak Live show on Tuesday night at ESPN Sean Elliot said that Malik Rose nicknamed him "Shackie Chan." I thought it was cute, but I don't think its a good nickname that I'd like to stick on Yao.
They were just trying to get a rise out of you baby. Obviously, that's not going to be the one that sticks... right?