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BusinessBloombergBank, Airline Sites Go Dark Briefly in Broad Internet Outage
(Bloomberg) -- A plethora of websites operated by financial institutions, governments and airlines including Hong Kong Exchanges & Clearing Ltd. and Australia’s central bank went down briefly Thursday in the second global internet outage in as many weeks.Some of the outages, including those that affected Commonwealth Bank of Australia, Westpac Banking Corp. and Australia & New Zealand Banking Group Ltd., were linked to a failure at Akamai Technologies Ltd., which helps clients manage web service
BusinessBloombergInvestor Who Gained 20,000% on Alibaba Bets on Smart Cities
(Bloomberg) -- 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 be Alibaba 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.In contrast with his decisive bet into Alibaba, Tam has spent the better part of the past decade studying and planning for
