The British Financial Times quoted people familiar with the matter and reported that under the pressure of supervision of the billionaire Ma Yun, he would resign from the principal of Lakeside University.The institution renamed the Lakeside Creative Research Center a few days ago is the elite business school founded by Ma Yun six years ago.

People familiar with the matter said that the supervision was fighting the influence of the co -founder of the Alibaba Group.Ma Yun suddenly fell into the clouds since the financial regulatory agency was attacked in a public speech in Shanghai last October.

Since then, the highly anticipated Ant Group's first public offering (IPO) has been put on hold, and the company has also been ordered to rectify, and its parent company has also been fined 18.2 billion yuan (S $ 3.76 billion) by the regulatory agency.Ma Yun, who used to be extremely high -profile, basically did not show up again.

Hangzhou, the hometown of Ma Yun, is a executive and entrepreneur training institution. It is reported that because it is not a granting degree education institution, the term of the university was removed.

It is reported that because supervision is worried that Ma Yun is building a network that runs counter to the goal, this school that is said to be as difficult as Harvard University will also adjust the course.

People familiar with the matter said that Ma Yun intends to maintain a connection with the school, but he will not hold any high -level titles.It is reported that the lakeside has been suspended earlier.

The establishment of the lake is to teach a small part of the college entrepreneur spirit, business management and corporate culture.Ma Yun welcomed the first student in 2015: We hope that the lake can run for 300 years.