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    • simmygaisimmygai
      ·2021-06-18
      Nice

      Investor Who Gained 20,000% on Alibaba Bets on Smart Cities

      In 1999, Benson Tam decided to help out his buddy Joe Tsai and orchestrated a $500,000 investment for his then-untested startup. That company turned out to beAlibaba Group Holding Ltd., which revolutionized online shopping in China and debuted 15 years later with the world’s largest initial public offering, yielding a 200-fold return for Tam and his partners.Now, his Beijing-based Venturous Group has raised $131 million from financial institutions including Fidelity as well as billionaire famili
      Investor Who Gained 20,000% on Alibaba Bets on Smart Cities
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