You can’t go past Li Ka-shing who just invested in Israeli company Waze.
A month after announcing his first investment in an Israeli startup, Hong Kong’s Li Ka-shing yesterday chose to put big money into Israeli navigation technology startup Waze. Ka-shing, greater China’s richest man, is investing in the Israeli companies through his investments arm Horizons Ventures.
Waze’s free mobile application guides drivers to their destination by voice and offers data on traffic conditions, as supplied by users. The goal is to shepherd its users by optimal routes. The company has formed a social network where drivers interact, reporting on road conditions.
Ka-ching!
