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[img src="" caption="" credit="" alt=""]Hong Kong billionaire Li Ka-shing has upped his stake in Facebook to more than $100 million according to Marketwatch. Li previously invested a reported $60 million in the company in November of last year.
As Nick O’Neill notes, this means that the investor now owns nearly 1 percent of Facebook, assuming the deal was made at the same $15 billion valuation that had been placed on the company since Microsoft’s $240 million investment.
Li, who is chairman of telecom company Hutchinson Whampoa, told reporters on his company’s conference call:
"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."