Top 10 mistakes made by Jack Ma

Updated: 2014-09-24 07:02 (chinadaily.com.cn)

NO 8 Dearth of experts

During the 15 years of Alibaba's history, lots of professional managers both foreign and Chinese have been hired at the senior level by the company.

But at the time of IPO, not many of them were still with the company. Most of them quit for various reasons. Among the 28 copartners, only seven out of 18 who helped Ma establish the firm remain.

"I didn't expect what we'll achieve 10 year ago," said Ma in a public speech when he talked about his cofounders.

Alibaba Group Holding Ltd founder Jack Ma (C) and Joseph Tsai (center L), vice chairman and co-founder, pose with employees as they arrive for the company's initial public offering (IPO) under the ticker "BABA", at the New York Stock Exchange in New York September 19, 2014. [Photo/Agencies]