Li Ka-shing

Billionaire Li Ka-shing Buys Stake in Spotify Music Service

Authored by Mark Hefflinger on August 21, 2009 - 8:53am.

London - Hong Kong billionaire Li Ka-shing confirmed this week that he has purchased a minority stake in ad-supported streaming music service Spotify for an undisclosed sum, Forbes.com reported.

FT: Spotify Raising $50 Million at $250M Valuation

Authored by Mark Hefflinger on August 4, 2009 - 7:11am.

London - Spotify, a European, ad-supported streaming music service preparing for its U.S. launch, is close to raising up to $50 million in new financing at a $250 million valuation, the Financial Times reported. Investors are rumored to include Hong Kong billionaire and Facebook investor Li Ka Shing, and venture capital firm Wellington Partners.

Hong Kong Billionaire Li Ka-shing Increases Facebook Stake

Authored by Mark Hefflinger on March 28, 2008 - 7:30am.

Hong Kong - Li Ka-shing, the Hong Kong billionaire and chairman of Hutchison Whampoa who invested $60 million in the Facebook social network back in November, has raised his investment to more than $100 million, and may sink even more of his fortune into the company, MarketWatch reported.

Facebook Gets $60 Million From Billionaire Li Ka-shing

Authored by Mark Hefflinger on November 30, 2007 - 8:13am.

New York - Online social network Facebook has received a $60 million investment from Li Ka-shing, the Hong Kong billionaire and chairman of network operator Hutchison Whampoa and Chinese portal Tom Online, AllThingsD reports. Li Ka-shing, who ranked 9th on Forbes' 2007 World's Billionaires list, also has an option to invest another $60 million in the company.