Li Ka-Shing bets more on Facebook
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Chinese billionaire Li Ka-Shing has increased his stake in Facebook from $60 million to over $100 million, and may invest more, according to Chester Yung over at MarketWatch.
With US dollars so cheap, it will be interesting to see if more foreign investors step in to snap up premium equity in hot sectors. Ka-Shing and Germany’s Samwer brothers are two foreign investors in Facebook that participated in the big recent round at a reported $15 billion valuation.
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