Hong Kong Tycoon May Boost Facebook Stake
Facebook was valued at an eyebrow-raising US$15 billion when Microsoft purchased a 5 percent stake at US$240 million.
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 peer-to-peer video start-up Joost.