Jack Ma will be stepping down as the President of Hupan, an elite business school

Elite business school was created in 2015 with the vision of turning it into a "300-year enterprise" that would become a worldwide name for entrepreneurial education. Chinese billionaire Jack Ma will be stepping down as the President of Hupan, an elite business school he founded, suggesting a further retreat from public life by Beijing's most prominent entrepreneur in the face of government pressure on the tech industry.