Li Ka-shing, the Hong Kong telecom mogul who invested US$60 million in Facebook last year, has upped his stake to US$100 million and may invest even more, MarketWatch reported Thursday.
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.
This article was first published as a blog on CNET News.com.
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