Latest Entrepreneurship News

Cryptocurrency entrepreneur who bought banana art for $6.2 million eats the fruit in Hong Kong

Nov. 29, 2024 09:08 AM EST

HONG KONG (AP) — A cryptocurrency entrepreneur who bought a piece of conceptual art consisting of a simple banana, duct-taped to a wall, for $6.2 million last week ate the fruit in Hong Kong on Friday. Chinese-born Justin Sun peeled off the duct tape and enjoyed the banana in a...

ByteDance founder Zhang Yiming tops China's rich list

Oct. 29, 2024 05:47 AM EDT

HONG KONG (AP) — ByteDance founder Zhang Yiming tops the list of China's richest people, according to the Hurun Research Institute, although many of them have seen their net worth plunge over the past year. The institute, which publishes the annual Hurun China Rich List, found that...

Local news sources are still drying up, but there's growth in digital sites in metro areas

Oct. 23, 2024 11:28 AM EDT

Newspapers in the United States closed at the rate of more than two per week during 2023, but a burst of activity among digital entrepreneurs illustrated some tiny shoots of growth in what has become a desert-like climate for local news. A total of 127 newspapers closed last year,...

Asian American boba brand finds opportunity after Simu Liu sparks cultural appropriation debate

Oct. 22, 2024 12:28 PM EDT

Olivia Chen and Pauline Ang, friends and business partners on boba milk tea brand Twrl, have tried three times to get on “Shark Tank,” the ABC reality show where up-and-coming entrepreneurs try to woo big-name backers. Now, in a plot twist they couldn't have imagined, the San...

Companies are crafting new ways to grow cocoa, and chocolate alternatives, to keep up with demand

Sep. 01, 2024 09:08 AM EDT

WEST SACRAMENTO, Calif. (AP) — Climate change is stressing rainforests where the highly sensitive cocoa bean grows, but chocolate lovers need not despair, say companies that are researching other ways to grow cocoa or develop cocoa substitutes. Scientists and entrepreneurs are...