$130 Million Gift to Fund Israeli-Chinese University Collaboration

A Hong Kong businessman plans to donate $130 million to help the Technion, Israel's leading science university, establish a technology institute in China's Guangdong Province, The Wall Street Journal reported. Li Ka-Shing said he would provide the funds to a joint venture with China's Shantou University, to which he has contributed roughly $750 million over three decades. Local governments will provide a $147 million grant as well to create Technion Guandong Institute of Technology, the Journal reported.