AFI BLOG: Media and Technology

Facebook Gets $60 Million Additional Investment From Hong Kong Billionaire Li Ka-Shing: Report — Paid Content

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.