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Why is Lakeside University closed?
Poor management.

Zhejiang Lakeside Entrepreneurship Research Center, formerly known as Lakeside University, was founded by 9 entrepreneurs and famous scholars including Liu Chuanzhi, Ma Yun, Feng Lun, Guo Guangchang, Shi Yuzhu, Shen Guojun, Qian Yingyi, Cai Hongbin and Shao Xiaofeng. Lakeside insists on public welfare and non-profit, and advocates sticking to the bottom line and improving society.

Lakeside was born in the transition period from traditional economy to digital age, aiming at discovering and cultivating entrepreneurs with entrepreneurial spirit. Is a school facing the society and cultivating new commercial civilization. The name "Lakeside" comes from Hangzhou Lakeside Garden Community, which was founded by Alibaba and Taobao. It means "Don't forget your initiative and remember every entrepreneur".