Chicago Booth Receives Gift from Alumnus Wei Cai to Expand the School’s Global Impact

Published on October 5, 2026

Chicago Booth has received a generous commitment from University of Chicago Trustee Wei Cai, AM ’95, MBA ’95, and his wife, Lan Xue, as a part of the university’s recently launched campaign, Chicago Minds.

Their gift will endow the Wei Cai and Lan Xue Faculty Directorship at the Kent A. Clark Center for Global Markets, support the Annual Fund, and extend the Wei Cai and Lan Xue Faculty in Residence Program at the university’s Hong Kong campus.

“Through this gift, we are pleased to help further Chicago Booth’s mission, including its influence on global markets,” Cai says.

This commitment will grow the global visibility and influence of Booth faculty on business, deepening connections between scholars across the United States and Asia.

Learn more through at the article on the Chicago Booth Website. 

Other news

AI Doesn’t Care If You’re Embarrassed (And That Can Be A Good Thing)

October 1, 2026
In the AI age, people prefer human interaction as opposted to that of a chatbot, unless that chat involves sensitive or embarrasing information that they would otherwise avoid sharing.  Abigail Sussman, V. Duane Rath Professor of Marketing and Beatrice Foods Co. Faculty Scholar, joins Forbes to explore how people err on the side of AI consulting when it comes to shame, and how the separation of "c