BUSINESS

Hong Kong Billionaire Invests $60 Million In Facebook

While a lot of people were beginning to doubt Facebook's ability to raise more money after getting a lofty $15 billion valuation following a $240 million investment from Microsoft last month, it seems the stakes are not too high for Hong Kong billionaire Li Ka-shing, who has made an investment of $60 million in the hot social-networking company, according to sources with knowledge of the transaction.

The 79-year-old Li (pictured here) is the chairman of Cheung Kong Holdings Limited and Hutchison Whampoa Limited, a conglomerate with 250,000 employees worldwide. His businesses are especially tied to Hong Kong, where he has massive investments in telecommunications, real estate, electricity, retail, shipping and the Internet.

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