There have been a lot of bad rumours about Mr Ma recently.
Not only did Alibaba founder Jack Ma‘s planned flotation of the de facto controlled Ant Group fall apart in late October after he made a highly critical speech at the Bund Financial Summit. Then came a string of bad news for Mr Ma. According to sources, a central investigation team will be stationed in Alibaba this week. Meanwhile, the planned “Hupan University” campus in Kunming, a wealthy businessman group founded by Jack Ma, former chairman of Alibaba Group, and nine entrepreneurs and scholars, was suspended by the authorities on October 10.
Recently, the unfavorable rumor about Ma Yun is ceaseless. According to RADIO Free Asia, a joint investigation team has recently been stationed at Alibaba group, sources close to the company told the station, but the details remain unclear.
Sources said: The central joint investigation team stationed in Ali, then hupan University in Yunnan branch were all stopped, he is working on the construction, in the construction. However, in the recent two days, I received the news of emplacement from the Central Joint Investigation Team.
Alibaba Group did not immediately respond to requests for comment.
Zhang Jin, a finance scholar at Kunming University, told RADIO Free Asia on Thursday that with the current political situation in China, Things could get worse for Ma.
‘Jack Ma’s next step may be a bit of a hassle,’ Mr. Zhang said. ‘He did several things that made the top management very unhappy.’ The first thing is the listing of Ant Financial, armed with a weapon, is bound to be pursued. Because finance is their lifeblood. In fact, Ma Yun was already in trouble when he was engaged in finance. In addition, he criticized the supervision issue, which was a challenge to the power of senior leaders, which was very disgusting to senior leaders.
Mr. Zhang also pointed out that Mr. Ma’s desire for a secure life comes at a price, and not just any price.
‘Unless he has something better to offer, he will be purged,’ Mr. Zhang said. ‘He will be nothing more than a white glove and a proxy for the assets of the Communist Party,’ he said. ‘It will take minutes to take back his power and wealth.’ If he had no better way to give, that would be the end of it. Once you disobey, that power is gone.
In addition, Hupan University, with Jack Ma as its president, officially decided to set up a branch in Dianchi Lake, Kunming, Yunnan province on August 25 this year. However, on December 10, the General coordination Office of dianchi Lake On the west bank of The Xishan District in Kunming, Yunnan province issued a public statement, saying that due to the adjustment of the control scope of the area, the control detailed planning project of The White Yukou area in the Xishan District would be terminated.
On December 1, the bidding information of Hupan University’s Yunnan Branch showed that the project of the branch involved the planning scope of the Caiyun Bay area of Baiyukou. However, three days after the release of the bidding information, the planned scope of the project was revised to The Baiyukou Area, with a total area of about 1,281 hectares, including 903 hectares of construction land and 378 hectares of agricultural and forestry land and water area.
In August, the implementation plan of Kunming campus was suspended in December
Hupan University was founded in 2015 and is located in Hangzhou, Zhejiang province. It is taught by Entrepreneurs such as Jack Ma and Liu Chuanzhi in person. The target students of Hupan University are decision-makers of enterprises. The average age at entry is 38, and the average start-up life is more than 11 years.
Ma said at the university’s 5th anniversary on Oct 22 that the school has enrolled 11,788 students since its inception, but only 254 of them were admitted, making the admission rate much harder than that of Harvard University and Stanford University in the US. Lakeside’s mission, he said, is “to discover and train entrepreneurial entrepreneurs.”
Public information shows that Hupan University is not a “university” under the auspices of the Ministry of Education of China, nor is it an education and training institution, but a social organization registered by private non-enterprises. It’s kind of like a club. Academics say the authorities have realised the dangers of business alliances and have refused to act. The next step may be to close Lakeside.
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