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Under-pressure Jack Ma to quit as leader of new generation of entrepreneurs
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By James Cook
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London: Billionaire Chinese businessman Jack Ma is expected to resign as president of his elite entrepreneur academy as authorities pile more pressure on his business empire.
The founder of e-commerce business Alibaba and financial technology company Ant Group has faced intense scrutiny of his operations in recent months.
Authorities in China have reportedly grown concerned that serving as president of the organisation could have allowed Ma to lead the creation of a new generation of entrepreneurs who may have gone on to influence Chinese politics.
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