The Story Behind a HK Billionaire's $130 Million Donation to the Technion

Li Ka-shing's generous donation to the prestigious Israeli school of engineering is part of broader plan to build a Western-style technology institute in China's Guangdong province along the lines of a similar joint project with Cornell University in New York City.

After more than two years of talks with the Technion – the Israel Institute of Technology, Hong Kong billionaire Li Ka-shing signed an agreement this week to donate $130 million from his philanthropic Li Ka Shing Foundation to the institution. The contribution is a part of a larger deal, which will have the Israeli university partner with China's Shantou University to establish a technological institute to...