Business
Trump admin sues 99 Ranch over discrimination against non-Chinese workers
The Trump administration is suing 99 Ranch Market’s parent company, alleging that it systematically fired, underpaid and denied promotions to employees because they are not Chinese. The allegations…
New initiative aims to get more AAPIs into the boardroom
The Asian American Foundation (TAAF) has launched a $1.5 million initiative aimed at placing more Asian American and Pacific Islander executives in Fortune 500 boardrooms. Inside the accelerator TAAF…
Despite tech billionaire entourage, Trump leaves Beijing empty-handed
U.S. President Donald Trump ended his state visit to China on Thursday after two days of meetings with Chinese President Xi Jinping. More than a dozen American business leaders accompanied Trump to…
NYC’s AAPI small businesses get a $5.5 million lifeline
A new $5.5 million loan program is putting affordable capital within reach of New York City small business owners who have long struggled to access it, with a particular focus on AAPI entrepreneurs…
California tax fight spotlights how billionaires escape taxes
As wealthy donors commit at least $35 million to defeating California’s proposed 5% tax on billionaires, the escalating campaign is focusing attention on how much of the nation’s largest fortunes go…
Nashville’s Chinatown development opens its 1st Asian supermarket
The largest Asian supermarket in the Nashville area opened Friday morning in Antioch as part of the Tennessee Nashville Chinatown development. Pan Asia’s new flagship store at 5255 Hickory Hollow…
Nvidia’s Jensen Huang ‘perfectly fine’ with prospect of California billionaire tax
Nvidia CEO Jensen Huang told Bloomberg Television in an interview that California’s proposed billionaire wealth tax does not concern him. The proposal would tax individuals with net worth exceeding…
Amazon workers say AI push threatens democracy and the world
More than 1,000 Amazon employees said on Tuesday that the company’s rapid artificial intelligence (AI) rollout is putting jobs, democratic institutions and the environment at risk. In an open letter…
Nvidia CEO Jensen Huang orders employees to automate all tasks with AI
Nvidia CEO Jensen Huang instructed employees during a companywide meeting in Santa Clara on Nov. 20 that they should automate every task possible with artificial intelligence. His directive followed…
Tariffs compound mounting pressures on Asian American grocers nationwide
Asian American grocers across the country are confronting a perfect storm of economic pressures, as President Donald Trump’s tariffs push import costs sharply higher while these small businesses…
Apple caves to Trump by removing ICEBlock app
An app used to report possible Immigration and Customs Enforcement sightings was removed from Apple’s App Store on Oct. 2 after the Trump administration said it posed safety risks to immigration…
Zoom CEO Eric Yuan says AI could reduce five-day workweek to three
Artificial intelligence may reduce the five-day workweek to as few as three days, according to Zoom CEO Eric Yuan. Speaking to The New York Times in a recent interview, Yuan said advances in AI will…
TikTok deal announced after months of stalled negotiations
President Donald Trump and Chinese officials have reached a framework to transfer TikTok’s American operations to U.S. control, breaking months of deadlock. About the deal: The president announced…
Japan’s Suntory CEO steps down amid THC supplement investigation
Takeshi Niinami resigned as CEO of Japanese beverage maker Suntory on Monday after police launched an investigation into his purchase of a supplement suspected of containing THC. The psychoactive…
Labubu craze fuels China’s growing soft power
The runaway global success of Pop Mart’s Labubu collectibles is a symbol of China’s growing cultural influence in international markets. In the first half of 2025, Pop Mart reported revenue of 13.88…
Silicon Valley immigrants disprove privilege narrative, claims billionaire investor
Prominent billionaire tech investor David Friedberg argued that immigrants who succeed in Silicon Valley challenge the idea that privilege determines success in a recent exchange on X. The Ohalo CEO…
AMD CEO Lisa Su says company mission matters more than $100 million offers
AMD CEO Lisa Su, the first woman to lead a major U.S. semiconductor company, said in a recent interview that she will not follow Meta CEO Mark Zuckerberg’s reported practice of offering $100 million…
Google’s Sundar Pichai tells young professionals to seek out smarter colleagues
Google and Alphabet CEO Sundar Pichai has a clear message for young professionals: surround yourself with people who challenge you. Speaking on the “Lex Fridman Podcast” on June 5, Pichai reflected…
Trump’s Nvidia China deal raises security concerns
U.S. President Donald Trump on Aug. 11 approved an arrangement that lets Nvidia resume selling certain AI chips in China in exchange for the U.S. government taking 15% of revenue from those sales.…
ICE raids Asian supermarkets in New York
Immigration and Customs Enforcement (ICE) agents raided a pair of Asia Food Market locations in western New York last Wednesday, making multiple arrests and seizing business records. How it went…
Trump reveals he wanted to break up Nvidia before learning about Jensen Huang
President Donald Trump recently revealed he once proposed breaking up Nvidia to reduce its dominance in AI chips but changed his mind after learning more about the company and its CEO Jensen Huang.…
Labubu craze turns Pop Mart CEO into China’s youngest billionaire
At 38, Wang Ning, founder and CEO of Pop Mart, has become the youngest member of China’s top 10 richest, joining the ranks of business leaders like ByteDance’s Zhang Yiming, Nongfu Spring’s Zhong…
One of America’s oldest Chinese restaurants may close after 114 years
The Pekin Noodle Parlor, one of the oldest continuously operating Chinese restaurants in the U.S. and the oldest that has remained in the same family, may soon close after more than a century in…
Nvidia becomes the world’s first $4 trillion company
Nvidia became the first publicly traded company to close with a market capitalization above $4 trillion on July 10, driven by unprecedented demand for its graphics processing units. Surging demand
DC Chinatown community calls for more protections as cultural district faces erasure
Members of Washington, D.C.’s Chinatown community gathered Tuesday to demand stronger protections from the city as Asian-owned businesses in the cultural district fall in numbers. Driving the news:…
Starbucks killer? China’s largest coffee chain makes US debut
Luckin Coffee, China’s largest coffee chain that overtook Starbucks in its home market, opened its first two U.S. locations in Manhattan on Monday. Where they are: Luckin opened stores at 755…
These Asian American billionaire execs believe in ‘996’ work hours
Recent remarks from high-profile tech executives have renewed attention on extreme work schedules resembling China’s 996 system, in which employees work from 9 a.m. to 9 p.m., six days a week. In…
VinFast opens 1st California dealership after dropping direct sales model
VinFast has opened its first California dealership in San Diego, expanding its retail presence in the U.S. after ending its direct-to-consumer sales model. Dealership operations: The location,…
Scale AI CEO Alexandr Wang heads to Meta as part of $14 billion deal
Alexandr Wang, co-founder and CEO of Scale AI, told employees Thursday he is stepping down to join Meta Platforms, confirming his exit just days after Meta acquired a 49% stake in the company through…
Tencent invests $177 million in K-pop amid thawing China-Korea relations
Tencent Music Entertainment is buying nearly 10% of K-pop powerhouse SM Entertainment in a $177 million deal that would make the Chinese streaming giant the agency’s second-biggest investor as…
Tesla’s reputation plunges in US brand survey
Tesla has dropped to 95th place in the 2025 Axios Harris Poll 100, a steep fall from 8th in 2021, reflecting growing disapproval from American consumers. The annual survey ranks major companies based…
Immigrant values, innovative vision: How Passes’ Lucy Guo carved her own path to tech leadership
A narrative version of this interview is available in The Rebel Yellow newsletter. Lucy Guo, who recently surpassed Taylor Swift as the youngest self-made woman billionaire, has transformed from…
Chinatown businesses from coast to coast sound alarm over Trump’s China tariff
President Donald Trump’s tariff on Chinese imports continues to impact small businesses in Chinatowns across major cities, threatening their survival and the cultural fabric of communities that have…
LA Times’ big financial, subscriber losses in 2024 coincided with conservative shift
The Los Angeles Times reportedly lost approximately $50 million in 2024 under owner Dr. Patrick Soon-Shiong, following a roughly $30 million loss in 2023. How it happened
Shein, Temu prices soar as Trump’s tariffs near
Chinese e-commerce platforms Shein and Temu have substantially increased prices for U.S. consumers ahead of President Donald Trump’s closure of a key import loophole taking effect this Friday. What…
Chinatown businesses in hoarding war as Trump’s tariffs remain in effect
Chinese American businesses in major cities have found themselves locked in a stockpiling frenzy as President Donald Trump’s tariffs on Chinese imports — which jumped from 34% to 145% in just weeks —…
