wang contemporary ying alexander wang 2744300

Designer Alexander Wang and his mother Ying Wang have acquired the historic 58 Bowery building in New York's Chinatown for $9.5 million, marking its first Chinese American ownership. They are transforming the former bank into a cultural venue named Wang Contemporary, which will host exhibitions, performances, and festivals focused on Asian and Asian American creatives, with its inaugural exhibition curated by the art collective MSCHF.