Hong Kong mogul and Facebook investor Li Ka-Shing has reportedly increased his investment in the social networking site from $60 million to more than $100. The claim was made on the conference call of his company Hutchison Whampoa, reports MarketWatch, though it’s conceivable that something got lost in translation. Later on the report quotes Ka-Shing responding to a question on whether he would increase his stake: “I may raise my investment in Facebook – anything is possible.” Ka-Shing’s initial investment of $60 million was first reported last November. He also said on the call that there could be synergies between the two companies, with Hutch users having access to the service.
Update: Reuters has confirmed the investment, saying that Li Ka-Shing has doubled his stake to $120 million at the same $15 billion valuation as when he previously invested. This means that his stake is now 0.8 percent, which is half as big as the stake held by Microsoft.
Ka-Shing should have read this before investing:
http://sramanamitra.com/2008/02/05/deal-radar-2008-facebook-woes-coming/
You realize of course his last name is Li, not Ka-shing.
He's a bilionaire and his name is Kashing ($$$). That's just funny.
I like this guy
this guy is loaded he is worth something like 17 billion now he has almost 1% of Facebook Crazy