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![]() HONG KONG, Dec 2 (AFP) Dec 02, 2007 Hong Kong tycoon Li Ka-shing has invested 60 million dollars in the popular US-based social networking website Facebook with a right to acquire another 60 million dollar stake, a report said Sunday. Citing unnamed sources, The Wall Street Journal's All Things Digital blog said Asia's richest man is not making the investment through his Hong Kong conglomerates -- Cheung Kong and Hutchison Whampoa -- but another entity. In October, Microsoft bought a 240-million-dollar stake in Facebook in a deal valuing the website at 15 billion dollars. The report said the deal came through a Facebook investor, who introduced the company to Solina Chau, director of the Li Ka-shing Foundation and a major stockholder in Tom.com, a Chinese media company in which Li has an interest. His investment could give Tom.com a leg up in possible partnerships with Facebook in China, the report added. A spokeswoman for Hutchison Whampoa would not comment on the report. The 79-year-old, whose fortune was valued at 23 billion dollars by Forbes, has investments across the world, including telecommunications, real estate, the Internet, shipping and retail. Facebook and MySpace are fast-growing social networking websites that allow people to interact. Facebook has some five million members around the world and sees an average of 250,000 new users each day. All rights reserved. copyright 2018 Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.
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