According to Want China Times, leading Chinese Internet companies, such as Alibaba Group Holdings Ltd BABA 0.28% and Jingdong Mall, are taking employee recruitment to the next level. These companies have been setting up colleges in China to educate and train the next generation of workforce talent and startup entrepreneurs.
Professor Ma?
Alibaba has already founded Lakeside University in Hangzhou and has enrolled more than 30 students in the school’s first class. Alibaba CEO Jack Ma serves as Lakeside’s president and even teaches his own course on the lessons of failure.
In addition to Ma’s Lakeside University, Jingdong Mall founder Liu Qiangdong serves as president of Jingdong Zhongchuang College and teaches a course in management.
Tuition
According to the report, Jingdong Zhongchuang College recruits startup founders and grants students enrollment tuition-free. Lakeside students who wish to learn from Jack Ma himself must pay $45,000 per year in tuition.
Students must attend five day courses every two months.
Startup Craze
The establishment of colleges is an attempt by Alibaba and other Chinese Internet companies to capitalize on the tech startup boom that is currently happening in China.
Liu Chengcheng, founder of 36Kr.com, claims that up to 4,500 new startup proposals are listed on his website per month my entrepreneurs seeking funding for their ideas.
Jingdong Zhongchuang and Lakeside will serve as useful resources for Chinese startups and will encourage a spirit of collaboration between entrepreneurs and the colleges’ affiliate companies, Alibaba and Jingdong Mall.
Jongdong Zhongchuang executive Ma Chengong believes that this collaborative environment will help build a foundation of trust, ensuring a mutually-beneficial relationship between startups and Jingdong Mall moving forward. Alibaba likely sees similar future benefits to a collaborative environment within Lakeside.
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