Bloomberg Retracts Alibaba Investor Story

Benson Tam. (Source: Venturous Group)

Bloomberg Retracts Alibaba Investor Story

Bloomberg has retracted an incorrect article published June 17 with the headline “Investor Who Gained 20,000% on Alibaba Bets on Smart Cities (1)” because the subject of the story, Benson Tam, retracted statements regarding his involvement in Alibaba’s 1999 investment, his track record with Fidelity, and relationships with Alibaba and Asiainfo. We regret the error.

©2021 Bloomberg L.P.

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