The English-based site known as alibaba.com focuses on business-to-business kind of trading, especially for many international buyers who strive to contact sellers in China. The Chinese-based website known as china.com concentrates on business-to-business transactions within China, and finally, there is www.taobao.com, a consumer-to-consumer business site for Chinese clients. The Japanese-based website called Japan.alibaba.com mainly focuses on Japanese customers. At the moment, the Alibaba Group comprises the following subordinate-companies: Taobao.com, an online auction website for clients; Alipay, an online payments site, processing majorly payments emanating from China; Alisoft, a web services provider to China’s Small and Medium-sized ventures; Alimama, which is an online marketing exchange forum, that allows web publishers and advertisers to trade via online promotion inventory; China Yahoo!, which is a search engine; as well as Koubei.com, the largest communities in China for exchanging essential life information including as food, clothes, travel and housing (Bidwai 2010).
Importance of business ethics and their impact on the organization
Ethics means a collection of moral principles, a perception of right and wrong, goodness and badness of dealings as well as the motives and repercussions of these actions. When applied to business context, ethics refers to the study right and wrong, good and evil, and just and unjust dealings of businessmen. It refers to the study of business circumstances, decisions and activities where issues of what is right or otherwise are addressed. ...