Alliance of Chinese and European Business Schools (ACE) was founded on 31 May, 2013 in Angers, France. Twenty universities and colleges are the founding members of the alliance, which is under the patronage of EFMD. In the framework of ACE, several members effectively utilized the Sino-European resource and launched a brand new master programme -Master ACE. Master ACE programme takes advantage of the resources and faculties from European partnership universities and allows the participants to have diverse experiences in one or two European countries and universities. The participants are also offered with the possibility of obtaining maximum two university master degrees.