$60M for Facebook from HK
Written by Angus Lau December 3rd, 2007 . Tags: Hong Kong, invest, Web 2.0.
Who would have thought Facebook would be making news in Hong Kong?! Facebook taking money from Li Ka-shing, the money making machine. This is an interesting move from someone who made a majority of his fortune mainly from taking it out of Hong Kong people’s hands in the form of real estate, telecom, and supermarkets. It’s surprising to see this guy jump into the web, although his son Richard is well known for that with Tom.com and making a fortune from it back in the day.
Aside from the money talk, will this news pump some life into the Hong Kong web? I doubt it, but, I am sure people have read the headlines and saw that Asia/Hong Kong’s richest sees potential in the web. It’s some semi-good news and coming off the news of Alibaba, this should motivate a few more to head down the path of web entrepreneurship.
Will this also signal some (local) investors to start looking at what is happening here. I’ll admit the scene is rather dry but there are some promise in several sites here and a couple startups have already attracted foreign investors, such as EditGrid and Frenzoo.
Possible related posts:
-
Lutz.W
-
Alain Yap
-
fongmickey
-
Lucas
-
Angus Lau
-
Maneck



