According to Asian Venture Capital Journal (AVCJ), industry experts predict that online social networks will prosper during the current depressed economic cycle as people look for less costly ways to amuse themselves. In China, for instance, teenagers can play online games in Internet cafes all day for only RMB 10, or about US$1.50.
But does this flurry of activity translate into a good investment opportunity for you?
Yup, Hong Kong billionaire Li Ka-Shing has invested another $40 million in Facebook, one of the hottest social networking sites in the world, after his initial $60 million investment last November, according to MarketWatch. By the way, the $60 million was for a 0.4% stake. A total of $100 million for a stake of less [...]
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