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Corporate universities feel heat of political pressure
An elite private business school has been forced by Chinese authorities to halt new enrolments this month as its founder, Jack Ma, one of China’s richest men, faces problems over his business empire after he criticised China’s financial regulations.
Hupan University, which runs a highly selective executive training programme, suspended its first-year intake due to begin classes at the end of March, seen as fallout from the crackdown on Ma’s vast empire which includes online retail and digital payment systems.
Hupan University, sometimes known as Lakeside University, was founded in 2015 in Hangzhou in Zhejiang province, the city which hosts the headquarters of Ma’s Alibaba group, Asia’s biggest company by market capitalisation. Its stated aim is to teach entrepreneurship and business management to “high achievers”.