Facebook gets $60M from Hong Kong billionaire Li Ka-shing
Facebook has gotten a new $60 million investment from Hong Kong billionaire Li Ka-shing, in what could be move to get savvy help in China as the popular social network prowls for the best way to enter the hyper-competitive market.
Li Ka-shing (pictured here) was named ninth richest person in the world by Forbes, valued at $23 billion. Among his investments are Tom.com, a Chinese web company that could be a possible partner for Facebook in… Continue Reading
Internet TV company, Joost, raises $45M
Internet TV company Joost has raised $45 million in a whopper round of venture financing, giving it a significant war-chest to spend just as its product hits the market.
Lead investors were Sequoia Capital and Index Ventures. CBS Corporation, Viacom and the foundation of Chinese billionaire Li Ka-shing also participated, according to the company, in a statement to VentureBeat Wednesday evening.
Despite being relatively untested, Joost has gained publicity because it was started by Skype co-founders Janus… Continue Reading