Alibaba chief sets up private school

Nonprofit institution is expected to have 3,000 students at full enrollment

After spearheading a revolution in e-commerce, the founder of Alibaba Group, billionaire Jack Ma, is setting his sights on China's education system by establishing a private bilingual school.

He and other partners of Alibaba co-founded the Yungu School, or Cloud Valley, in Hangzhou, Zhejiang province, where the e-commerce empire is headquartered. The school will span 15 years of education, offering classes from kindergarten through high school.