For celebrants around the world, today starts the Lunar New Year, a party which includes the largest annual wave of human migration. This year, about a billion people are expected to be making a traditional pilgrimage, often back to their family homes to eat, light fireworks, and ring in the Year of the Pig.
In Chinese astrology, the pig is a symbol of optimism and hard work, and this year, it is expected to be yet another boon to CTrip International, the Shanghai-based, $20 billion online travel agency. CTrip expects to service a big chunk of the Lunar New Year Travel – some 390 million domestic and seven million outbound trips by Chinese tourists.
The company has a fascinating history, having survived the dot-com bust to make increasingly big bets on the future of travel in China. Despite the fact that only 5% of Chinese citizens have a passport, tourists took 131 million overseas trips last year spending $250 billion, according to McKinsey & Company, a figure that’s expected to grow to 160 million and $350 billion spent by 2020. CTrip earned $3.97 billion in 2017, up 37% from the prior year.
CEO Jane Sun has been working her way up the company’s org chart since 2005, earning her a spot at no. 32 on Fortune’s Most Powerful Women International list. The company’s strength has been their savvy use of technology which lets them profile potential customers and help hotels predict peak periods. And they’re not afraid to think big. “In 2017 we offered 22 high-end tour packages priced at $200,000 each,” Sun tells Fortune’s Eamon Barrett. “It only took us 17 seconds to sell them all.”
But while Chinese citizens are traveling more, Chinese Americans are losing access to their neighborhoods and struggling to be seen at work.
For millions of Chinese immigrants to the U.S. over the last hundred years, their first stop was in an affordable Chinatown, home to familiar dialects, an instant network, and of course, optimism and hard work. These neighborhoods, long neglected by outside investors, are starting to disappear, displaced as white professionals begin migrating back to cities and thirsty developers begin buying up buildings to refurbish.
A 2013 study sponsored by the Asian American Legal Defense Fund found that from 1990 to 2010, Asians went from a majority to a minority of the residents of Chinatowns in Boston, New York, and Philadelphia. D.C.’s Chinatown is down from 3,000 to about 300 Chinese residents. “Once you have more luxury units, that starts demographic change, whether it’s Harlem or Chinatown—those signs for luxury housing are the beginning of the end,” Andrew Leong, a professor at the University of Massachusetts at Boston told The Atlantic’s Alana Samuel.
These changes are happening at the same time that professionals of Asian descent are grappling with their place in corporate life, a phenomenon recently covered by Fortune.
“Asian Americans are the forgotten minority in the glass ceiling conversation,” says Buck Gee and Denise Peck, two former Silicon Valley executives, in this analysis published by HBR. In fact, they found, they may not even be counted in corporate diversity reports at all.
In one report from a major tech firm, “Asian men are lumped into a ‘non-underrepresented’ category with white men…Asian women are assigned to a category that includes women of all races.”
The pair poured through EEOC data to compile the “The Illusion of Asian Success” report for Ascend, a non-profit leadership organization for Pan-Asian professionals. They found that while Asian American professionals in the U.S. were more likely to be hired, they were less likely to be promoted into management roles than any other race. “The large numbers of Asian Americans in the professional workforce confirm that businesses are finding qualified Asian Americans to hire,” they write, but the disparity is alarming. “[C]ompanies have not done an adequate job of identifying and developing Asian American talent.”
|Starbucks’ COO Rosalind Brewer is joining Amazon’s board|
|The company has been under pressure to diversify their currently all-white board, promising to consider a Rooney-rule style proposal for board appointments after an outcry from shareholders and the Congressional Black Caucus. According to official filings, Brewer will become the tenth board member, fourth woman, and second black director in the company’s history. The retail giant had been recruiting Brewer when it amended its corporate governance guidelines last year; the company’s previous black board member was Myrtle Potter, former president and COO of Genentech, who was appointed in 2004 and stepped down in 2009.|
|“We didn’t even know they had a yearbook”|
|Eastern Virginia Medical School the now famous alma mater of Virgina’s governor Ralph Northam, banned student yearbook in 2013 for its persistently racist subject matter. The issue was brought to the attention of a new provost named Richard V. Homan, who had hired the school’s first-ever diversity and inclusion officer, Mekbib Gemeda. Gemeda showed Homan a yearbook photo of students dressed in Confederate regalia. Homan ordered the students to take sensitivity training. “We need to make sure they understand as physicians that this is offensive to me as well as to future patients and grossly offensive to minority students and African Americans,” Homan recalled to The Washington Post. “They’re going to be taking care of everybody. You can’t be wearing incendiary symbols if you’re going to be a young physician and a healer.”|
|The problem with addressing racism when “something happens”|
|Jamil Smith tracked down the Reverend Dr. William Barber, the civil rights leader also known for reviving Martin Luther King’s Poor People campaign, to discuss the current issue facing Governor Ralph Northam. It’s a conversation worth reading. “America keeps trying to have conversations and keeps attempting to deal with racism when quote-unquote cultural things erupt,” Barber says, citing the mass murder of black worshippers in Charleston as an example. But the outcry, which never lasts, is a symptom of the problem. “Racism ultimately is about systems and structures,” and not about a slur or photo. “[W]e cannot effectively target what disproportionately silences, disenfranchises, miseducates, segregates and even kills people who are not white and therefore most insulated from America’s design flaws,” says Smith.|
|Introducing: Blacks Who Design|
|A new directory of black designers launched yesterday, a project which aims to showcase black creatives working in a variety of design disciplines, to get the rest of us to hire them, be inspired by them, and make sure they’re on all the right conference panels. You can start by diversifying your social feeds to let their aesthetic surround you. And while you’re at it, don’t forget Revision Path, the award-winning weekly podcast featuring interviews with black graphic and web designers and hosted by entrepreneur and designer Maurice Cherry.|
|Blacks Who Design|
The Woke Leader
|How gay Ugandans deal with a faith that tests them|
|There are few writers who have dedicated as much time to understanding the unique and often painful intersection of faith and the LGBTQ community as Jeff Chu. In this must-read dispatch, Chu and co-writer Timothy Meinch travel to Uganda to report on the discriminatory, anti-gay government and the many activists working for change. Homosexuality is illegal in three dozen African nations, a relic of colonial-era anti-gay laws written by Europeans.|
|How teacher diversity helps students of color|
|A new policy brief posits that moving away from a majority-white teacher workforce would bring three distinct benefits: Positive role-modeling, higher expectations for kids of color, and an inherent cultural sensitivity that would influence curriculum and instructional content. I would argue that white kids would benefit from all of the above, too.|
|How do people get to the U.S. Congress?|
|That important question has been translated into a fascinating graphic created by Sahil Chinoy and Jessia Ma of The New York Times. We don’t have an official “nobleman” class in the U.S., but we come pretty close with our Congress, who for the most part are successful white collar professionals from elite schools, prestigious jobs and riding the coattails of family wealth. “Congress is made up of people who have credentials and experiences vastly different from those of most citizens,” they note. And, it makes a difference. “[T]he House is much, much richer than the people it represents, and affluent politicians support legislation that benefits their own class at the expense of others.” A lotta lawyers walking around, too.|
|New York Times|