Ma Yun, former chairman of The Board of Alibaba Group, and nine entrepreneurs and scholars founded the kunming campus of Hupan University, a group of wealthy businessmen, were suspended by the authorities on October 10. According to sources, a central investigation team stationed in Alibaba this week, the specific situation is unclear.
Recently, the unfavorable rumor about Ma Yun is ceaseless. Hupan University, with Jack Ma as its president, officially established a branch campus 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
Zhang Jin, a finance scholar at Kunming University, told Radio Free Asia on Thursday that with the current political situation in China, Ma’s situation is going to get worse and worse. “Ma may be in trouble next,” he said. 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, Jack Ma was already in trouble when he was engaged in finance. Coupled with his criticism of regulation, he was completely challenging the power of the senior leadership, which is very disgusting to the senior leadership.”
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.”
News of the investigation team’s arrival in Ali could not be confirmed
Radio Free Asia has received information from several sources, as well as sources with ties to Alibaba group, that a joint investigation team has recently been stationed at the group, the details of which are unclear. “The central joint investigation team came into Ali, and then Hupan University in Yunnan stopped,” she said. “He was building, he was building. But the central Joint Investigation Team recently, I received the news yesterday ‘.”
However, the news ali group did not make clarification.
According to Zhang Jin, an academic who knows Mr Ma well, there is a price, and not a general price, for Mr Ma to live a secure life: “Unless he has something better to offer, he will be purged. He will be nothing more than a white glove on the assets of the Communist Party, a proxy, and 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.”
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 acted decisively. The next step may be to close Lakeside university.
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