News Snapshot:
Beijing authorities have forced an elite business school backed by Alibaba Group Co Ltd founder Jack Ma to halt enrollments, the Financial Times said on Friday, citing sources familiar with the matter. The clampdown on the school, founded in 2015 by Ma to train China's next generation of entrepreneurs, comes as his business empire faces government scrutiny. Hupan Academy, based in the city of Hangzhou, where Alibaba has its headquarters, suspended a first-year class set to begin in late March, the newspaper said. Alibaba and Hupan Academy did not immediately respond to Reuters' requests for comment. Tuition for the three-year...
