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Jack Ma to step down as head of business school he founded, amid clampdown business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Jack Ma to step down as head of business school he founded, amid clampdown dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
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. The Hangzhou-based school had already dropped the word university from its name, following a government clampdown on institutions that are not licensed as universities but were claiming the status. ....
China Wants to Build a $306 Billion Used-Car Market From Scratch Bloomberg 1/6/2021 Katrina Nicholas (Bloomberg Businessweek) Although China has more than 270 million vehicles on its roads, only an estimated 15 million secondhand models were sold in 2019. That’s in sharp contrast to places such as Australia, the U.K., and the U.S., where people buy more used cars than new ones. So policymakers, intent on stimulating domestic consumption, want to change that. China is aiming to double the size of its secondhand-car market to about 2 trillion yuan ($306 billion) by 2025. To get there, Beijing has slashed taxes on used-car dealers, in May reducing the levy to 0.5% from 3% far less than the 17% tax on new vehicles. It’s also making it easier for dealers to trade used cars among themselves by classifying a secondhand vehicle without a license plate as a commodity rather than a personal asset, which simplifies the transaction. “The used-car-tra ....