Jack Ma is tired, and doesn’t like being rich

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Jack Ma, the founder and executive chairman of Alibaba, revealed his heart sound that he’s unhappy for being rich. According to Ma’s talk in the one-to-one interview he had with CNBC, Alibaba’s historic IPO valued at a record setting 25 billion brought a huge pressure on his shoulder. “People say, ‘Well Jack, rich people is good.’ Yeah it is good, but not the richest man in China. It’s a great pain because when you’re (the) richest person in the world, everybody (is) surrounding you for money,” he said. “Today when I walk on the street, people look at you in a different—I want people to see this is entrepreneur, this is a guy who is having fun of himself, and I want to be myself.” Well, indeed, there are people in the world who approach “rich people” on purpose because they think that there must be profit to gain eventually, such as money and connection. Being rich would bring to people like Jack Ma a set of pain that probably could never be understood by people who never get to experience the similar situation. Refer Jack Ma’s words to other billionaires, it suddenly made a lot of sense to their action of giving back huge proportion of their personal assets in many ways to the society, such as by donating money to build schools for children. Jack and his colleagues together founded Alibaba for innovation, entrepreneurship and fun, those are the original incentives of them to keep outreach his company’s business development. I think that what could make Jack Ma “happier” would be people throwing more attention to his personality, ideas, and the company’s future instead of the fact of himself being the richest guy in China.

Alibaba’s Jack Ma, China’s richest man, eyes Vancouver for new office

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As a local Commerce student having been living in Vancouver for nearly ten years, it’s exiting for me to hear that Alibaba, China’s biggest and the most profit-making e-commerce company started since 1999 , finally will expand its market to this city.  Alibaba would absolutely be able to establish a successful huge market in Vancouver due to the city’s resourceful geographical location as well as its multiculturalism. Although in future, the company might need to confront a fierce competition with E-bay to the extent of fighting for the same and limited market and customer groups, the long-term benefit in a big picture that Alibaba would be able to bring to the city’s business development is what I care about the most! According to the discussion that our Prime Minister, Stephen Harper, had with the CEO of the company, Yun Ma, Alibaba’s focus in Vancouver’s market would mainly be seafood and agricultural products; The very first promotion of Alibaba in Vancouver is to sell 200,000 fresh Canadian lobsters online around the period of “the Single’s Day”(November the 11th)!

By opening an office in Vancouver, not only Alibaba the company is able to develop more customers in North America, but also to provide with more job opportunities to Vancouver’s local community, such as more postmen will be needed as the amount of deliveries increases. Probably one day in future, Alibaba’s company in Vancouver will open recruitment opportunities to Sauder Bachelor of Commerce students, by then, I would be more than willing to give it a try!

http://www.vancouversun.com/business/technology/Alibaba+Jack+China+richest+eyes+Vancouver+office/10362427/story.html

New businesses worm their way into the market

 

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It’s very challenging to create a brand new market in nowadays, especially when everything seems to be already pretty advanced and able to fulfill what customers need and pursue. Kathryn Redford and Paul Froese are two young entrepreneurs graduated from Yale MBA, founded their company of making worms edible, and trying to open up this niche market and having more customers accept and experience their “innovation”. Before getting to read the article, I was surprised at first by its eye-catching title, but later on found it could be practical in reality to the aspect of there’s a huge latent market for “organic foods”.  Kathryn and Paul’s intention of making insects a human-grade food just as chips or oatmeal could actually bring some benefits to the society. According to the article, market survey was being done to investigate customers’ tastes and they received more “yes” and “no”! Right now they had already sold out 30-40 protein bars made of silk worms in the U.S.!

http://www.vancouversun.com/business/smallbusiness/Vancouver+firms+believe+eating+bugs+future/10318718/story.html#ixzz3IpCMQXW7