Hong Kong Magnate to Donate $130 Million to Israel's Technion

(Wall Street Journal) Joshua Mitnick - Hong Kong magnate Li Ka-shing said he will donate $130 million to Israel's leading engineering university, the Technion, to help establish a technology institute and innovation center at Shantou University in China's Guangdong Province. Li, who had invested in Waze, a traffic-mapping start-up recently purchased by Google for $1.1 billion, said he will use proceeds from the acquisition for the Technion donation.


2013-09-30 00:00:00

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