Li Ka-shing, the 79 year-old chairman of Hutchison Whampoa and one of the richest tycoons in Asia, upped his stake in Facebook to  a reported $120 million.  The investment was reportedly made by the Li Ka-Shing Foundation.

Li Ka-shing reportedly bought an initial $60 million Facebook stake in November, and as part of that deal, he was granted the right to invest another $60 million in Facebook at a later time.

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