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Summary:

Facebook has closed another big tranche of its planned funding round, this time from an unlikely source: Hong Kong billionaire Li Ka-shing,…

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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  1. I wonder, what they will do with the money. Invest in advertising?

  2. thedotcomillusionist Friday, November 30, 2007

    probably cover their month to month

  3. Just FYI, that flickr pic that you're using? While Creative Commons licensed, it's for non-commercial use only. Oops.

  4. I think this photo of Li Ka-Shing should be distribute under the Creative Commons license, attribution-noncommercial-share alike.
    Thank you!

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