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Updated: Facebook Investor Li Ka-Shing Upping Stake To $120 Million: Report

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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.

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