Facebook Gets $60 Million Additional Investment From Hong Kong Billionaire Li Ka-Shing: Report
Facebook has closed another big tranche of its planned funding round, this time from an unlikely source: Hong Kong billionaire Li Ka-shing, who has made an investment of $60 million, reports Kara on AllThingsD. Ka-Shing is better known as the chairman of Hutchison Whampoa (the network operator branded as 3 in many countries, including UK). The money is from his investment firm, and he has the option to invest another $60 million, the story says.
This comes after a $240 million investment from Microsoft (NSDQ: MSFT) announced last month.
Ka-shing is also the chairman of Tom Online, the Chinese portal which just went through a big restructuring as we reported earlier today. Tom Online will now focus on services, rather than news, and it may be that as Facebook enters China, Tom may enter into a partnership with it.
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Comments (4)
Nov 30, 2007 8:06 AM
I wonder, what they will do with the money. Invest in advertising?
Nov 30, 2007 2:52 PM
probably cover their month to month
Dec 1, 2007 11:04 PM
Just FYI, that flickr pic that you’re using? While Creative Commons licensed, it’s for non-commercial use only. Oops.
Dec 6, 2007 12:43 AM
I think this photo of Li Ka-Shing should be distribute under the Creative Commons license, attribution-noncommercial-share alike.
Thank you!