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.
{"source":"https:\/\/gigaom.com\/2007\/11\/30\/419-facebook-get-60-million-additional-investment-from-hong-kong-billionair\/wijax\/49e8740702c6da9341d50357217fb629","varname":"wijax_78a439e35b2173cb10fe79751385ade4","title_element":"header","title_class":"widget-title","title_before":"%3Cheader%20class%3D%22widget-title%22%3E","title_after":"%3C%2Fheader%3E"}