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Alibaba 'almost destroyed' in early days, says Jack Ma

China's billionaire warns startups not to hire executives from big companies

Alibaba Group Holding Founder and Chairman Jack Ma Yun warned startups not to hire heavyweights from big corporations in their early days.   © Reuters

HONG KONG -- Jack Ma Yun, founder and chairman of Alibaba Group Holding, one of China's most successful startups, said that his company was "almost destroyed" in its early days due to hiring senior executives from established companies.

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