Report: Hong Kong gazillionaire increases stake in Facebook
Li Ka-shing, who acquired a $60 million stake in Facebook last year, announced in a company earnings call that he has invested another $40 million.
Facebook was valued at an eyebrow-raising $15 billion when.
According to MarketWatch, Li made the initial announcement during the earnings call for his company, Hutchison Whampoa. "Facebook is doing very well and we could have some synergy between the 3G services of Hutchison and Facebook, so the customers could use Facebook on mobile phones," Li reportedly said.
Among Li's other investments is.