Jewish 100, 2015: Li Ka-Shing – Business
Hong Kong tycoon Li Ka-shing’s venture-capital fund, Horizons Ventures Ltd., continues to make its mark in Israel: the fund is the biggest source of foreign cash for growing numbers of startups in Tel Aviv, according to IVC Research Center, which tracks the market. Horizons has invested in at least 28 tech startups in the Jewish state.
Ka-shing’s efforts, a shining example of Israel-Chinese cooperation, also led to the 2015 groundbreaking of the Guandong Technion-Israel Institute of Technology (GTIIT), the first Israeli university in China. Ka-shing’s foundation provided $130 million in funding for the university project.
Enrollment will commence in 2016 with an initial class of 200 students, and the student body is expected to reach 5,000 students by 2025.