I don't condone racist stereotypes but at the same time this isn't the first, second, third, or fourth time something like this had happened specifically with a typical traditional Chinese family-run business.

Same patterns, similar "cut the oxygen" strategy, same outcome.

This is textbook confirmation bias, you're focusing on the most visible factor that you expect to see. It's a very common way for people to rationalize their racist views.

FYI my race is the same with Hsu's family. Part of the issue is cultural.

While I don't agree with stereotyping or generalization, sometime certain cultural knowledge have helped me avoid frictions or troubles.

I'm Chinese, I don't find his comment racist.

Hell, we (Asians) point this out to each other all the time and laugh about it. How is it racist when someone non-Asian decides to point out the same damn thing?

His parents were asian, and they ran the company. That's not racist.

Arguably corrupt though can they account for all the VC's money?

I remember working for a Company that took VC funding and they competed that they liked us as the senior management didn't go out and buy BMS the instant the money cleared.