The Financial Times reported on April 9 that Hupan University, which Jack Ma founded to train business elites, has been forced to stop enrolling new students.

Registration for first-year students, scheduled to begin at the end of March, has been called off, the source said. It’s unclear when new student registration will resume.

Mr. Ma had said when he announced his retirement in 2019 that after retirement, he wanted to do his old job and rebecome a teacher.

Jack Ma is the first president of Hupan University. The school aims at developing successful entrepreneurs. It sets a three-year program with a tuition fee of 580,000 yuan (about $88,000). The school has a very rigorous admission process, said to be stricter than Harvard University.

Late last year, Chinese regulatory authorities launched an investigation into Alibaba and other companies in the name of anti-monopoly, and called a last-minute halt to the listing of Alibaba’s internet finance arm, Ant Group.

This year, the antitrust investigation came to an end, with the official announcement on April 10 that Alibaba was imposed a sky-high fine of 18.2 billion yuan (about $2.8 billion).

Source: https://www.ft.com/content/61efaf8b-3bb6-4031-86d8-09274fcf956b