Comments on: $60M for Facebook from HK http://www.852signal.com/2007/12/03/60m-for-facebook-from-hk/ Broadcasting Web 2.0 and next generation web activities in Hong Kong and Asia 香港 Tue, 06 Jan 2009 00:49:11 +0000 http://wordpress.org/?v=2.0.4 by: Lutz.W http://www.852signal.com/2007/12/03/60m-for-facebook-from-hk/#comment-9353 Sun, 09 Dec 2007 07:36:44 +0000 http://www.852signal.com/2007/12/03/60m-for-facebook-from-hk/#comment-9353 Mr. Li can't go wrong with this deal -- I remember that Tom Online made a bargain buy of the smoking remains of eBay in Mainland a few months ago for around $20 million (and as far as I know they still need to redefine their online portfolio). Maybe history will repeat itself if they partner up with Facebook... :) Angus, thumbs up for your blog (and for your involvement with Team and Concept, I got to know P.K. this year, such a nice chap), keep up the good work. Cheers, Lutz Mr. Li can’t go wrong with this deal — I remember that Tom Online made a bargain buy of the smoking remains of eBay in Mainland a few months ago for around $20 million (and as far as I know they still need to redefine their online portfolio).

Maybe history will repeat itself if they partner up with Facebook… :)

Angus, thumbs up for your blog (and for your involvement with Team and Concept, I got to know P.K. this year, such a nice chap), keep up the good work.

Cheers,
Lutz

]]> by: Alain Yap http://www.852signal.com/2007/12/03/60m-for-facebook-from-hk/#comment-9274 Fri, 07 Dec 2007 08:58:30 +0000 http://www.852signal.com/2007/12/03/60m-for-facebook-from-hk/#comment-9274 Hi, Angus! We're also a start-up and was fortunate to get funded at this point. We've just come up with our initial product. It isn't much in the moment but hopefully, it is jut a portent of bigger things to come. Please check em out. You're right. We need people who have the smarts to also have the courage to take risks and let the rest of the world know that they don't own all he good ideas. Asians do have something to contribute, too. More power. alain Hi, Angus!

We’re also a start-up and was fortunate to get funded at this point. We’ve just come up with our initial product. It isn’t much in the moment but hopefully, it is jut a portent of bigger things to come.

Please check em out. You’re right. We need people who have the smarts to also have the courage to take risks and let the rest of the world know that they don’t own all he good ideas. Asians do have something to contribute, too.

More power.

alain

]]> by: fongmickey http://www.852signal.com/2007/12/03/60m-for-facebook-from-hk/#comment-9199 Wed, 05 Dec 2007 19:20:57 +0000 http://www.852signal.com/2007/12/03/60m-for-facebook-from-hk/#comment-9199 Agree with lucas & maneck. Li is very good in investing & I hope his recent move could stimulate the tech & web 2.0 investment in hk Agree with lucas & maneck.

Li is very good in investing & I hope his recent move could stimulate the tech & web 2.0 investment in hk

]]> by: Lucas http://www.852signal.com/2007/12/03/60m-for-facebook-from-hk/#comment-9174 Wed, 05 Dec 2007 07:01:20 +0000 http://www.852signal.com/2007/12/03/60m-for-facebook-from-hk/#comment-9174 Yes, Mr. Li is still smarter in tech investments than his son. Like Maneck mentioned he put money into Priceline.com which has its HK site here: www.priceline.com.hk He's #9 on the Billionair List and worth US$23 billion via Fortune: http://www.forbes.com/lists/2007/10/07billionaires_Li-Ka-shing_SO0W.html But having done work with his company before, he may have signed off on the investment, but his tech savvy investment team are the ones out there looking for these deals. And frankly, he is a good guy to have on your team because he doesn't have any immediate bias like Microsoft does. He just wants to make good old fashioned money. Yes, Mr. Li is still smarter in tech investments than his son. Like Maneck mentioned he put money into Priceline.com which has its HK site here: www.priceline.com.hk

He’s #9 on the Billionair List and worth US$23 billion via Fortune: http://www.forbes.com/lists/2007/10/07billionaires_Li-Ka-shing_SO0W.html

But having done work with his company before, he may have signed off on the investment, but his tech savvy investment team are the ones out there looking for these deals. And frankly, he is a good guy to have on your team because he doesn’t have any immediate bias like Microsoft does. He just wants to make good old fashioned money.

]]> by: Angus Lau http://www.852signal.com/2007/12/03/60m-for-facebook-from-hk/#comment-9165 Wed, 05 Dec 2007 04:02:54 +0000 http://www.852signal.com/2007/12/03/60m-for-facebook-from-hk/#comment-9165 Maneck, Thanks for giving me insights on Li Ka-shing. I never knew his foundation has made such investments. For some reason, I had the recollection back in the internet craze, that Richard made his fortune from Tom.com, must have got the wrong Li's mixed up. And yes, I heard about the Tom.com stock up. There you have it. I botched it (big time). Thanks Maneck for correcting me. Maneck,

Thanks for giving me insights on Li Ka-shing. I never knew his foundation has made such investments. For some reason, I had the recollection back in the internet craze, that Richard made his fortune from Tom.com, must have got the wrong Li’s mixed up. And yes, I heard about the Tom.com stock up.

There you have it. I botched it (big time).

Thanks Maneck for correcting me.

]]> by: Maneck http://www.852signal.com/2007/12/03/60m-for-facebook-from-hk/#comment-9163 Wed, 05 Dec 2007 03:40:23 +0000 http://www.852signal.com/2007/12/03/60m-for-facebook-from-hk/#comment-9163 Hi Angus - I don't think iRichard was involved with Tom.com, he made money with PCCW and the StarTV sale to Murdoch. My understanding is the Face book deal was done via Solina Chau who runs the LKS foundation and also a founder of Tom.com Li Ka Shing is very savvy internet investor. He invested in Joost, Skype, Priceline, now Facebook and others.. For him, it's a no brainer, I reckon his 60M facebook investment will bring him at least a 4X return in 18 months, not to mention open doors for a Tom.com / Face Book collaboration in China. And did you notice Tom.com was up around 40% on the news? He's got his ROI already.... Hi Angus - I don’t think iRichard was involved with Tom.com, he made money with PCCW and the StarTV sale to Murdoch. My understanding is the Face book deal was done via Solina Chau who runs the LKS foundation and also a founder of Tom.com

Li Ka Shing is very savvy internet investor. He invested in Joost, Skype, Priceline, now Facebook and others..

For him, it’s a no brainer, I reckon his 60M facebook investment will bring him at least a 4X return in 18 months, not to mention open doors for a Tom.com / Face Book collaboration in China.

And did you notice Tom.com was up around 40% on the news? He’s got his ROI already….

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