Hong Kong Jack Ma is reportedly stepping down as the president of an elite business school he founded, suggesting a further retreat from public life by China's most prominent entrepreneur in the face of government pressure on the tech industry.
Citing anonymous sources, the Financial Times reported Monday that Ma will no longer serve as the president of Hupan, which he created in 2015 with the vision of turning it into a"300-year enterprise" that would become a worldwide name for entrepreneurial education.The newspaper also reported that Hupan would restructure its education program.
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