Skip to content
search
Wealth Giving Jack Ma to Step Down as President of Hupan University, the Business Academy He Co-Founded

Jack Ma to Step Down as President of Hupan University, the Business Academy He Co-Founded

Chairman of Alibaba Group Holding Ltd. Jack Ma delivers a speech to participants during the 4th edition of the Viva Technology show in 2019. Photo: Chesnot/Getty Images
Chairman of Alibaba Group Holding Ltd. Jack Ma delivers a speech to participants during the 4th edition of the Viva Technology show in 2019. Photo: Chesnot/Getty Images
By Camillia Dass
By Camillia Dass
May 24, 2021
The school will also be restructuring their curriculum to ensure that it does not go against the Communist party's objectives

Jack Ma will be stepping down as the president of Hupan University, a prestigious business academy that he co-founded six years ago as a result of pressure from Beijing. 

Mr Ma's decision comes as the Chinese authorities come down on the influence of the billionaire who is also the co-founder of Alibaba Group Holding.

Last October, Mr Ma criticised global financial regulators for stifling innovation in a public speech that was not well-received. Since his speech, Mr Ma's initial public offering by Ant Group has been put on hold and he has decided to largely stay out of the public's view.

Related: Top 10 Richest in Asia, According to Forbes World’s Billionaires List 2021

Hupan University, which is an elite training programme for entrepreneurs and executives, also recently changed its name to Hupan Innovation Centre. They decided to cease calling it a university because they are not a degree-granting educational institution. 

The school also decided to restructure its curriculum after authorities raised concerns that Mr Ma might be building a network that went against the Communist Party's objectives.

Currently, Mr Ma intends to cease holding any high-level official titles but he will remain connected to the school. This comes after Hupan Innovation Centre also ceased enrolling new students earlier in the year. 

Related: The World's Best Universities for 2021

Tags

Wealth & Giving jack ma Hupan University Alibaba Group Holding ant group Hupan Innovation Centre

clear
keyboard_arrow_up

In order to provide you with the best possible experience, this website uses cookies. For more information, please refer to our Privacy Policy.

close