Tag: Harry

  • Jin Huang, Higher Education’s Harry Houdini

    Jin Huang, Higher Education’s Harry Houdini

    Ambow CEO Has Repeatedly Slipped Through the Fingers of Shareholders and Regulators

    In the opaque world of for-profit higher education, few figures have evoked the mixture of fascination and alarm generated by Jin Huang, CEO—and at times interim CFO and Board Chair—of Ambow Education Holding Ltd. Huang has repeatedly navigated financial crises, regulatory scrutiny, and institutional collapse with a Houdini-like flair. Yet the institutions under her control—most notably Bay State College and NewSchool of Architecture & Design—tell a far more troubling story.


    Ambow’s Financial Labyrinth

    Ambow, headquartered in the Cayman Islands with historic ties to Beijing (former address: No. 11 Xinyuanli, Chaoyang District, Beijing, China), has endured years of financial instability. As early as 2010, the company pursued ambitious acquisitions in the U.S. education market, including NewSchool and eventually Bay State College, often relying on opaque financing and cross-border investments.

    By 2013, allegations of sham transactions and kickbacks forced Ambow into liquidation and reorganization. Yet the company repeatedly avoided delisting and collapse. Financial reports reveal a recurring pattern: near-catastrophe followed by minimal recovery. In 2023, net revenue fell 37.8% to $9.2 million with a $4.3 million operating loss. By 2024, Ambow reported a modest $0.3 million net income, narrowly avoiding another financial crisis. 


    Early Years: 2010–2015

    From 2010 to 2015, Ambow aggressively pursued U.S. acquisitions and technology projects while expanding its presence in China. The company leveraged offshore corporate structures and relied heavily on PRC-linked investors. Huang’s leadership style during this period prioritized expansion and publicity over sustainable governance, leaving institutions financially vulnerable.

    Despite claims of educational innovation, Ambow’s track record in these years included multiple warnings from U.S. regulators and questionable accounting practices that would later contribute to shareholder lawsuits and delisting from the NYSE in 2014.


    Bay State College: Closed Doors, Open Wounds

    Acquired in 2017, Bay State College in Boston once enrolled over 1,200 students. By 2021, enrollment had collapsed, despite millions in federal COVID-era relief. In 2022, the Massachusetts Attorney General secured a $1.1 million settlement over misleading marketing, telemarketing violations, and inflated job-placement claims.

    Accreditation probation followed, culminating in NECHE’s withdrawal of accreditation in January 2023. Eviction proceedings for over $720,000 in unpaid rent preceded the college’s permanent closure in August 2023. Bay State’s demise exemplifies the consequences of Ambow’s pattern: the CEO escapes, the institution collapses, and students and faculty are left in the lurch.


    NewSchool of Architecture & Design: Stabilization in San Diego

    NewSchool, Ambow’s other U.S. acquisition, has faced persistent challenges. Enrollment has dropped below 300 students, and the school remains on the U.S. Department of Education’s Heightened Cash Monitoring list. Leadership instability has been chronic: five presidents since 2020, with resignations reportedly tied to unpaid salaries and operational dysfunction.

    As of 2025, lawsuits with Art Block Investors, LLC have been settled, and NewSchool is now housed in three floors of the WeWork building in downtown San Diego. Despite receiving a Notice of Concern from regional accreditor WSCUC, the college remains operational but financially precarious.


    Questionable Credentials and Leadership Transparency

    Huang has claimed to hold a PhD from the University of California, but investigation reveals no record of degree completion. This raises further concerns about leadership credibility and transparency. Ambow’s consolidated executive structure—Huang serving simultaneously as CEO, CFO, and Board Chair—exacerbates governance risks.

    While headquartered in Cupertino, California, Ambow continues to operate with ties to Chinese interests. SEC filings from the PRC era acknowledged that the Chinese government exerted significant influence on the company’s business operations. Ambow has also expressed interest in projects in Morocco and Tunisia involving Chinese-affiliated partners.


    HybriU and the EdTech Hype

    In 2024, Ambow launched HybriU, a hybrid learning platform promoted at CES and the ASU+GSV conference. Marketing materials claim a 5-in-1 AI-integrated solution for teaching, learning, connectivity, recording, and management, including immersive 3D classroom projections.

    Yet there is no verifiable evidence of HybriU’s use in actual classrooms. A $1.3 million licensing deal with a recently formed Singapore company, Inspiring Futures, is the only reported commercial transaction. Photos on the platform’s website have been traced to stock images, and the “OOOK” (One-on-One Knowledge) technology introduced in China in 2021 has not demonstrated measurable results in U.S. education settings.

    Reports suggest that Ambow may be in preliminary talks with Colorado State University (CSU) to implement HybriU. HEI has not confirmed any formal partnership, and CSU has not publicly acknowledged engagement with the platform. Any potential relationship remains unverified, raising questions about the legitimacy and scope of Ambow’s outreach to U.S. universities.

    Ambow’s 2025 press release promotes HybriU as a transformative global learning network, but HEI’s review finds no verified partnerships with accredited U.S. universities, no independent validation, and continued opacity regarding student outcomes or data security.


    Financial Oversight and Auditor Concerns

    Ambow commissioned a favorable report from Argus Research, but its research and development spending remains minimal—$100,000 per quarter. Prouden CPA, the current auditor based in China, is new to the company’s books and has limited experience auditing U.S. education operations. This raises questions about the reliability of Ambow’s financial reporting and governance practices.


    Conclusion: The Illusion of Rescue

    Jin Huang’s repeated escapes from regulatory and financial peril have earned her a reputation akin to Harry Houdini. But the cost of each act is borne not by the CEO, but by institutions, faculty, and students. Bay State College is closed. NewSchool remains operational in a WeWork facility but teeters on financial fragility. HybriU promises innovation but offers no proof.

    Ambow’s trajectory demonstrates that a company can survive on hype, foreign influence, and minimal governance, while leaving the real consequences behind. Any unconfirmed talks with CSU highlight the ongoing risks for U.S. institutions considering engagement with Ambow. For regulators, students, and higher education stakeholders, Huang’s Houdini act is less a marvel than a warning.


    Sources

    • Higher Education Inquirer. “Ambow Education Facing NYSE Delisting.” May 2022.

    • Higher Education Inquirer. “Ambow Education and NewSchool of Architecture and Design.” October 2023.

    • Higher Education Inquirer. “NewSchool of Architecture and Design Lawsuits.” March 2025.

    • Boston Globe. “Bay State College Faces Uncertain Future.” January 3, 2023.

    • Inside Higher Ed. “Two Colleges Flounder Under Opaque For-Profit Owners.” October 18, 2022.

    • Inside Higher Ed. “Bay State College Loses Accreditation Appeal.” March 21, 2023.

    • GlobeNewswire. “Ambow Education Announces Full-Year 2024 Results.” March 28, 2025.

    • Ambow Education Press Releases and SEC Filings

    • Wikipedia. “Bay State College.” Accessed August 2025.

    • Wikipedia. “NewSchool of Architecture and Design.” Accessed August 2025.

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  • Essays in the Transformation of Higher Education (Dan Morris and Harry Targ)

    Essays in the Transformation of Higher Education (Dan Morris and Harry Targ)

    From Upton Sinclair’s ‘Goose Step’ to the Neoliberal University (lulu.com)

    Table of Contents
    Introduction
    Chapter One: Macro and Micro Analyses of Higher Education
    Chapter Two: Discourses On Ideology
    Chapter Three: Branding
    Chapter Four: What Do Universities Do?
    Chapter Five: Universities and War:
    Conclusion
    Appendix

    Introduction

    In the following pages, you are going to find a lot of specific information about what is happening at one major public research university, but we believe what is happening at Purdue is analogous to a canary in a coal mine. We believe that Purdue under Mitch Daniels, a former George Walker Bush administrator and Governor of Indiana, is becoming a high profile and influential spokesperson for the transformation of public higher education in the 21st century in directions that we find dangerous and that go against how we value higher education. We realize that, while we address extensively institutional changes and policies at Purdue, Indiana’s Land Grant University, our interest is in using this case study to illustrate larger patterns and issues that should be of concern to readers who care about the future of higher education in a broader sense.

    Harry Targ’s pieces do tend towards a wider-angle perspective than do those by Dan Morris, although both of us rely on our “boots on the ground” level understanding of Purdue to counteract and contest official media versions of what is happening at Purdue. We write at a moment when there is something of a “media desert” in terms of local news coverage of higher education in small markets such as Lafayette, Indiana. We have both tried to work to rectify the “media desert” landscape in our community by contributing to the Lafayette Independent, an electronic newsletter. We appreciate efforts by local journalists such as Dave Bangert and the student staff of the Purdue Exponent to offer coverage of the university in ways that are more substantial, and, often, more critical, than what one finds in the area’s only mainstream newspaper, the Journal and Courier, and main local TV news source, and the Purdue NPR radio station, whose ownership in the last year has been mysteriously transferred to an Indianapolis corporation. Paradoxically the richest data for many of the essays below come from the official daily public relations newsletter from Purdue called Purdue Today. This public relations source celebrates Purdue’s latest connections with multinational corporations, the military, and state politics, and provides links to editorials published by Purdue’s President and other officials in the national press. Ironically, oftentimes what Purdue celebrates becomes the data for our more analytical and discursive writings.

    Like alternative media sources, we see this book as another intervention in offering an alternative view of what is happening at our campus, but we also write with the hope that readers can apply the readings we bring to Purdue to begin conversations about the promise and problems of contemporary higher education on campuses. The authors wish to praise and encourage further research and activism around the transformations of higher education in general. We identify with what some scholars have referred to as Critical University Studies (CUS). The essays below, we believe, are part of this emerging tradition of critical and self-reflective scholarship.

    The authors also wish to identify at least three major elements of the transformation of higher education. First, Purdue, like many other universities, is once again pursuing research contracts with huge corporations, and perhaps most importantly, the Department of Defense. As essays below suggest, Purdue research is increasingly justified as serving the interests of United States “national security.” Often this is conceptualized as helping the United States respond to “the Chinese threat,” rarely identifying what exactly is the threat, or considering the possibility that contributing to a new arms race with a perceived adversary may increase, rather than reduce, the possibility for conflict between nations.

    Second, the work below and other writings in CUS, highlight the purposive transformation of the content of higher education. Universities are moving resources away from the liberal arts, creating new programs in “artificial intelligence” and “data science,” and in response to political pressures are diminishing programs that emphasize interdisciplinarity, intersectionality, and the structural problems of race, class, gender, and sexual preference in history and contemporary society. Essays below on “civics literacy” suggest that leading administrators at Purdue, while refusing to defend its universally praised Writing Lab after it was ridiculed on Fox News for its recommendation that student writers select gender-neutral terms such as postal worker when writing about occupations, seek to avoid the controversaries around Critical Race Theory by requiring all students to study in some fashion “civics literacy.” President Daniels has made it clear that the study of civics literacy will illustrate the “vitality” of US political institutions (as opposed to over-emphasizing the slaughter of the original inhabitants of the North American continent or the history of slavery and white supremacy).

    Third, the essays below do not dwell enough on the transformation of the university as a workplace. While there have been attacks for years on the tenure system, a system of job security which was initially designed to protect faculty from external political pressures, recent additions to the transformations of the university as a work site should be noted.

    Adjunctification is a term that refers to the qualitative increase in the hiring of various forms of part time instructors: full-time instructors for a set time period, instructors to teach less than a full complement of courses, and instructors with various arrangements that limit their work life, their ability to do research and prepare for their class time, and their time to serve the many needs of students. The fundamental trend in higher education is to “cheapen” and make insecure instructors, ultimately to destroy the job security that comes with academic tenure. In many cases this impacts negatively on the quality of the educational experience. (In colleges and universities in general about 70 percent of classes now are taught by instructors who are not tenure-line faculty).

    And finally, every effort is made by universities to limit and derail the workplace concerns of non-teaching staff, particularly opposing their right to form unions.

    One positive development from all of this-destroying the tenure system and job security, adjunctification, increased exploitation of graduate students, and finally restricting the rights and the wages and benefits of staff has been the rise of labor militancy. The American Association of University Professors (AAUP), the American Federation of Teachers (AFT), and various unions such as the United Auto Workers (UAW) and the United Electrical Workers (UE) with a history of militancy have been organizing graduate students and staff.

    Finally, the authors acknowledge that in the months after we completed our manuscript, Purdue administrators and trustees have announced a series of initiatives without an appropriate level of input from university stakeholders and the wider Lafayette area community:

    1. Purdue is building a housing complex near the Discovery Park part of campus to attract higher income earning technologists to relocate in West Lafayette. To encourage new high-income residents, the West Lafayette city government has authorized $5,000 cash incentives for any purchasers of these new housing units adjacent to Purdue. Such offers are not available to lower income earners or students.

    2. To deal with record enrollments, Purdue has purchased a privately constructed apartment complex across from campus at a price well more than the cost of its construction.

    3. Purdue officials have expanded partnerships with Saab, Rolls Royce, the Raytheon Corporation, one of the world’s five largest military contractors, and undertaken a controversial business mission with the Indiana governor to Taiwan to pursue research and production of semi-conductors, in part to respond to what Purdue officials have described as a ”Chinese threat” to national security in the United States.

    4.The College of Liberal Arts has announced it will be partnering with the College of Science to develop a new interdisciplinary degree program in artificial intelligence. CLA calls its “new field” of interest, “sociogenomics.”

    5. Purdue received an award recognizing its “excellence in counterintelligence,” one of only four such award recipients in 2022. Purdue joins those few universities which protect “sensitive national information from foreign adversaries.” The award announced in Purdue Today, August 24, 2022, noted that the university continues to work with the Defense Counterintelligence and Security Agency (DCSA) and the FBI.

    In short, the transformation of Indiana’s Land Grant university continues at a rapid pace. And while the essays below concentrate on the developments and forces leading to these changes, the broader point of this collection of essays is to suggest that higher education in the twenty-first century is changing in a rapid and largely deleterious way. The appended essay by Carl Davidson reflects a similar critique of the university during the height of the Cold War. What we are witnessing today is a revitalization of that trend.

    For those who value the university as a site for informing students about the world and debating the value of changes occurring in it, the developments highlighted in these essays are a warning. And for faculty and students alike the antidote to the militarization of the university, the transformation of the curricula, and the disempowering of those who work in universities is organizing against those elements of change that are antithetical to the educational process.

    And More:

    “The Krach Institute for Tech Diplomacy at Purdue has created a category of its own. As part of the nation’s leading national security university, it is rapidly becoming the world’s premier institution focused on Tech Statecraft, a new model of diplomacy bridging the gap between technology experts, government officials and policymakers, and business leaders to ensure tomorrow’s tech secures our freedoms,” said (Daniel) Kurtenbach. ‘I’m excited to contribute to the Krach Institute’s already-impressive momentum by enhancing and building its innovative partnerships and relationships to achieve our shared vision of a future that prizes individual freedom through trusted technology.’ ”

    https://www.citybiz.co/article/378157/krach-institute-for-tech-diplomacy-at-purdue-names-daniel-kurtenbach-as-chief-growth-officer/

    Homepage – Tech Statecraft (techdiplomacy.org)

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