The hottest man of the hour is definitely gonna be Ma Yun(Jack Ma), whose company–Alibaba Group was listed in United States on 19^th September. The IPO price of Alibaba is 68 dollars, which raised 21.8 billion for the company on 18^th September, and made Alibaba become the biggest U.S. IPO in the history. On 19^TH September, the opening price of Alibaba is 92.7 dollars, and the market value of Alibaba was measured as 231 billion. The successful listed of Alibaba help Ma Yun become the richest man in China.

Ma Yun’s career can be described as legend: He founded Alibaba Group in 1999 with 17 coworkers and created Taobao in 2003, which shortly became the most useful e-commerce platform in China. The success of his career can be measured by the money he made, what’s more, it’s the significant impact he made on Chinese internet. He created a totally new commercial channel, which provides a lot of convenience for customer to easily have the access to all kinds of products and can compare different sellers just by looking through the website. Moreover, Taobao also provides a plenty of job opportunity for society. In a word, Ma Yun’s achievements have changed Chinese society hugely, and from now on, he is about to make the change of the whole word.

references:

http://en.wikipedia.org

Business ethics is not only the foundation of a company but also an essential factor that can influence the market environment. Let’s have a look on the Husi events in July 2014. On July 20th 2014, Shanghai Husi Food Company, the branch company of OSI Group in China, was reported that produced and sold expired meat products. After the news came out, not only Husi Food Company were questioned by public, but also those companies that purchased products from Husi such as KFC, McDonald’s and other world famous fast food chains. This event shows that it’s the company’s responsibility to have the basic business ethics, and complying with the business ethics can guarantee a company to survival longer in the crucial environment. Moreover, the Husi events also tell us that an action execute by one company which ignores the business ethics will affect other company as well. In conclusion, business ethics is something that a company should definitely value.