China to Assist Israel in Construction of Island in Mediterranean Sea
- China’s experience of building islands in the sea may now come in handy for Israel as its first Deputy Prime Minister, Yisrael Katz, proposed a project to create an artificial island off the coast of Gaza Strip in the Mediterranean Sea.
Israel’s top soccer star moves to China in multi-million dollar deal
June 29, 2016
- The captain of Israel’s soccer national team Eran Zahavi signed a deal with the Chinese club Guangzhou R&F on Wednesday, ending a period of doubt that the beloved star would remain with Maccabi Tel Aviv. Zahavi, 28, who has led his team to a total of four Israeli championship victories, including three consecutive ones with Maccabi, signed a two-and-a-half-year contract with the Chinese club for a total of $12.5 million.
China, Israel to fund high-tech future
- Chinese businesses will invest in hi-tech Israeli start-up companies under a new agreement signed in Beijing. Two Israeli enterprises signed agreements on equity investments with their Chinese counterparts and a fund on Thursday at a Sino-Israeli salon on innovation and entrepreneurship.
China, Israel strengthen ties on innovation
May 13, 2016
- The global acquisition spree for infrastructure and research capabilities by Chinese corporates has extended into Israel. The Ping An Group’s US$100 million investment in Israeli R&D is one of the notable examples. There is rising interest in Israel’s agility in actualizing products without having to resort to the round-about route of Silicon Valley. Where once IPO rounds on Wall Street were paramount, the focus is now on actualizing product segments with the DNA of Silicon Valley’s success – Israel’s global pool of government-funded military talent.
Top Chinese conglomerate set to shop for Israeli start-up tech
April 26, 2016
- Top executives of China’s HNA Group, a multi-billion dollar conglomerate, will be arriving in Israel in early May to shop for investments in tech firms, sources in the company told The Times of Israel. The decision to invest in Israeli tech start-ups will follow the inauguration of the Tel Aviv-Beijing route by Hainan Airlines on April 28. Hainan is a division of HNA.
Chinese, Israeli Universities Teamed Up; Research Centers to Rise
Apr 09, 2016
- Four public research universities entered into an agreement to pursue one common goal: to establish a research and development center. Plans for the establishment of the ECNU-UH Joint Translational Science & Technology Research Institute, a project between the East China Normal University in Shanghai and the University of Haifa in Israel, officially saw its beginning after leaders from both universities signed a cooperation agreement in Haifa on March 25, reported Shanghai Daily.
Israel, China launch free trade talks
March 30, 2016
- Israel and China Israel formally launched negotiations on Tuesday on a free trade agreement that officials said could double commerce between the two countries from the current $8 billion a year. The two countries began exploratory discussions on the deal in mid-2013. Prime Minister Benjamin Netanyahu met Tuesday in Jerusalem with Chinese Vice Premier Liu Yandong and said, “I was delighted to hear today from Vice Premier Liu that China is prepared to begin free trade agreement negotiations with Israel. This is a momentous development and we are ready to do so right away. We have so much that we can do together. We discussed the various fields in which this can happen — in health care, education, agriculture and marine agriculture, in information technology. In every field of human endeavor the cooperation between Israel and China can yield enormous results. And we believe that Israel can be a perfect partner.”
‘Chinese see Israel as a partner who can help in innovation’
- Israel and China are set to sign an agreement Tuesday instituting a 10-year, multi-visit visa that will facilitate business and tourist travel between the two countries. Prime Minister Benjamin Netanyahu will sign the agreement with Chinese Vice Premier Liu Yandong, who is heading an 80-member delegation taking part in the second annual Israel-China Committee for Cooperation in Innovation.
Israel and China to sign 10-year multiple entry visa deal
March 27, 2016
- Israel and China are set to sign a 10-year multiple entry visa agreement this week, making the Jewish state only the third country, after the United States and Canada, to have such an arrangement with Beijing. The visa agreement will be signed in the framework of the second meeting of the China-Israel Joint Committee on Innovation Cooperation, which is taking place Tuesday in Jerusalem. Chinese Vice Premier Liu Yandong is due in Israel for the event and for meetings with senior Israeli officials.
Five women from Ancient Chinese Jewish Community to Make Aliyah
February 24th, 2016
- For the first time in nearly seven years, five twenty-something women from the ancient Chinese Jewish community of Kaifeng are set to arrive in Israel next Monday, to fulfill their dream of making Aaliyah, with the help of Jerusalem-based nonprofit Shavei Israel.
Israel’s Shift From West to East and Its Implications for American Jewry
January 14, 2016
- Last week, the media carried what on the surface appeared to be an insignificant story on the Israeli Foreign Ministry’s announcement of plans to shut down its Philadelphia consulate, along with four other closings involving embassy and consulate services in the Caribbean and Europe. But upon a second reading of this news, it appears to be a much larger story! We are reminded that Philadelphia represents the sixth-largest Jewish community in the United States, with an estimated population of 214,000 (Berman Jewish Data Bank). Beyond its historic importance to America and to the Jewish community, Philadelphia is the seventh-largest metropolitan area in the country, with more than 7.5 million people.
Israel Aerospace Industries Deepens Its Ties in China’s Civil Aviation Market
- Israel Aerospace Industries (IAI) has formed a Joint Venture to cooperate with Lingyun (Yichang) Science and Technology Group Co., Ltd., to establish its first local Chinese maintenance, repair and overhaul (MRO) enterprise in the Hubei Province. This joint venture will be dedicated to expanding civil maintenance services and cargo conversion, as well as laying the groundwork for additional business.
China, Israel embraces golden age for innovation cooperation
January 6, 2016
- A buzz filled the auditorium as a drone hovered over the heads of hundreds of businessmen attending the China-Israel trade summit in Beijing. Arriving on stage, it dropped a key into the hands of Amir Gal-Or, an Israeli entrepreneur who was presenting his opening remarks. “This key is a symbol of something very small but I hope it opens something very big,” said Gal-Or, founder and head of Infinity Group, a China-Israel private equity firm.
Israel, China sign energy cooperation agreement
- Israel and China have signed a document of understandings expanding their cooperation in energy technology research and development, including the establishment of funds for renewable energy. In his many hours of meetings in recent days with energy companies in Beijing, Minister of National Infrastructure, Energy, and Water Resources Yuval Steinitz called on them to invest in the energy sector in Israel.
Israel’s Technion to Open China Campus
Dec 17, 2015
- The Technion-Israel Institute of Technology has laid the cornerstone for a research center in Shantou, China with the construction of the Guandong Technion Israel Institute of Technology, which began Wednesday. The institute is the product of a $130 million gift from investor Li Ka Shing and will be a joint venture between the Technion and Shantou University.
China and Israel boost science research ties
- Science, Technology and Space Minister Ophir Akunis signed a cooperation agreement for joint investments on Monday with the Chinese science minister in Beijing. The Israeli Science Ministry will invest more than $1 million, while its Chinese counterpart will put in $5 million – which represents a significant increase in its research cooperation since 1995. The joint research will be conducted in the fields of brain sciences, nanotechnology, 3-D printing, biomedicine, renewable energy, computer sciences, the aging of the population, “smart cities” and more.
Chinese investors pour money into Israeli tech startups
December 06 2015
- Chinese investors are a common sight in Israel these days. Companies like Alibaba and Baidu are looking for promising innovations that will help them compete globally, while a host of angel investors are hoping to get in early enough to profit from promising startups. For Israeli tech firms it’s an opportunity to tap a huge market and a new pool of investors. In a typical deal, Alibaba invested earlier this year in Visualead, giving the e-commerce giant access to a leading startup’s mobile marketing technology.
Israel to Train Doctors for China: Consul General
- Israel will help train Chinese medical workers for the underdeveloped southwestern regions in its program to aid China next year, according to the Israeli Consulate General in Chengdu, capital of Sichuan Province. In 2016, doctors from Sichuan, Yunnan and Guizhou provinces will have opportunities to study medicine in Israel, said Amir Lati, consul general with the Consulate General of Israel in Chengdu. He made the announcement at an event for Israel’s Agency for International Development Cooperation (Mashav) in Chengdu Friday.
Recent Linkups By China-Israel VCs And Tech Startups Spell More Opportunity Than Risk
Nov 19, 2015
- It’s long been said that Chinese and Israeli culture is alike – entrepreneurial, hard-working, family oriented and spiritual. Now these two leading startup nations are coming closer together in the venture capital and technology innovation world and advancing the potential for disruptive breakthroughs.
Beijing hosting major China-Israel investment event
- The summit, organized by Israel’s Ministry of the Economy and the Infinity Fund, will be held on 4-6 January 2016. Beijing is to host the largest-ever China-Israel investment and technology summit. The event, organized by Israel’s Ministry of the Economy and the Infinity Fund, will be held on 4-6 January 2016, hosting more than 1,000 entrepreneurs, businesspeople, and investors from the two countries, as well as senior Chinese and Israeli government officials, headed by Israeli Minister of National Infrastructures, Energy and Water Resources Yuval Steinitz, China’s Minister of Science and Technology Wan Gang, and Director General of Israel’s Ministry of the Economy Amit Lang.
Experts cautiously optimistic about future growth in mutual trade, research
- Aiming to expand existing agricultural trade and research opportunities between the two countries, Agriculture Minister Uri Ariel and China’s Deputy Agriculture Minister Yu Xinrong have signed a joint action plan for future collaborations with the hopes of doubling agricultural trade volume between the two nations over the next five years. The signing, which took place on Thursday at the Israeli Agriculture Ministry in the presence of China’s Vice Prime Minister Wang Yang, was a follow-up to an August meeting between the Israeli and Chinese agriculture ministers in Beijing. The joint action plan aims to promote cooperation between the two nations in the sector, specifically focusing on bilateral trade, knowledge exchanges and collaborative research projects, the Agriculture Ministry explained.
Meet Benjamin Peng: A Chinese Zionist businessman
- Over 100 Chinese businesspeople arrived in Israel to take part in the Go4Israel conference, whose goal was to encourage investments and cooperation between Israeli investors and those from emerging markets. The conference, organized by the Cukierman Investment House and the private equity fund Catalyst, was attended, among others, by a dynamic young businessman named Benjamin Peng. Peng walked the halls of the Tel Aviv Hilton wearing a yarmulke and a smile. “I’m a Chinese Zionist,” he declared without blinking.
150 Chinese investors seek to back Israeli startups
- The Chinese visitors met with representatives of 50 high-tech firms at an investment summit in Haifa. Chinese organizations have been heavily investing in the Israeli high-tech sector over the past few years. On Monday, 150 investors arrived in the country to participate in the China-Israel Hi-Tech Investment Summit held at the Dan Carmel hotel in Haifa. “It is currently difficult for Israeli companies to break in to the Chinese market without a strategic, local partner,” said Dafna Linenberg, the founder of consulting firm YHT, which hosted the conference in close cooperation with the Haifa municipality.
Israeli tech to power a robot revolution in China
October 8, 2015
- China is making its move from an commodity manufacturer economy to a high-tech one – and Israel is playing a key part. To bring down the cost of production for the many consumer and industrial products made in its factories, China is undergoing a robotics revolution, installing machines to replace people on the assembly line, and working with Israel to develop smarter and better robots, via the newly established Sino-Israeli Robotics Institute.
China Tells Rivlin: We Stood Together Under Fascism
- President Reuven Rivlin on Thursday took part in celebrations for China National Day hosted by Chinese Ambassador to Israel Zhan Yongxin in Tel Aviv, marking 66 years since the independence of the People’s Republic of China. “Today we mark the anniversary of a modern event, but the history and culture that we celebrate goes back many thousands of years,” stated Rivlin. “We see this reflected in our mutual understanding and in our close friendship. A friendship which honors and respects the oldest of traditions, but produces the most modern technology and economic development.”
Chinese carrier to introduce direct flights to Tel Aviv
September 19, 2015
- With tourism from China on the rise, a Chinese airline on Friday announced it would start offering direct flights from Beijing to Tel Aviv beginning in April. Hainan Airlines, the largest private carrier in China, will offer three flights weekly at prices expected to be significantly cheaper than El Al. The Israeli carrier currently offers the only direct flights between Ben Gurion International Airport and China.
The startup scene in Israel is going bonkers, and the Chinese are swooping in
Aug 13, 2015
- This summer, it’s raining unicorns – tech startups valued at more than $1 billion – and as a result the Israeli tech scene is going absolutely crazy. Business Insider just spent a week in Israel meeting with over a dozen tech companies, and VCs. They all told us: Chinese investors are swarming the country, joining Israeli VC funds as limited partners as well as doing a lot of huge, direct investments into startups, too.
Israel, China in Talks to Become Major Financial Allies
- Israel has been rapidly expanding ties with leading Asian nations even as threats of boycotts continue to emanate from Europe, and a major breakthrough regarding Israel’s presence in Asia appears to be imminent as the state moves towards a Free Trade Agreement (FTA) with China. Chinese media began discussing the prospect of a FTA with Israel last December, and on Monday Economics Minister Aryeh Deri (Shas) met in Jerusalem with Chinese Ambassador to Israel Zhan Yongxin for the first time to discuss establishing a free trade zone.
China’s Fosun International Buys Phoenix From Israel’s Delek
June 21, 2015
- Delek Group Ltd. agreed to sell its controlling stake in Phoenix Holdings Ltd., Israel’s fourth-largest insurance provider by market value, to China’s Fosun International Ltd. The Netanya, Israel-based holding company announced on Sunday it would sell its entire 52 percent stake to a unit of the Shanghai-based conglomerate, according to an e-mailed statement. The purchase price is about $461.6 million plus interest accrued before the deal’s closing date, with other adjustments possible, Fosun said in a statement to the Hong Kong stock exchange. The maximum payable may be about $489 million, it said.
China Blazes a Trail to Startup Nation
Jun 17, 2015
- Like U.S. companies a decade or more ago, China’s tech giants are looking for innovation from Israel. Huawei and Fosun are already here; Alibaba, Baidu and Xiaomi will join them soon.
Israeli investors keen to cooperate with China: consultants
- Israel is seeking opportunities to export its technology, and China, with its abundant capital and hunger for innovative technology, has become a prime choice for setting up partnerships, Shanghai-based China Business News reports citing Israeli investment consultants. “From the views of enterprises, compared with Europe and the United States, we prefer to collaborate with Asian nations, particularly China, given the good historic and cultural relations between Israel and China,” said Uri Kushnir, a managing partner at Israeli technology transfer company 31 Degrees North Innovation Exchange.
Chinese investment in Israeli tech soaring
- Chinese investment in Israeli startup companies is surging, with the value of financing rounds involving one or more Chinese investors forecast to grow 54% this year, the IVC Research Center said Tuesday.
Israel and China give each other a hand on train tech
June 2, 2015
- Israel and China are helping each other out on moving railway passengers. In China, Israeli tech firm Radware is supplying China Railway with e-ticketing equipment, while that same company will be working with Israel’s Solel Boneh to build Tel Aviv’s Red Line train. In recent months, China Railway began selling tickets online, a service that has become so popular that it overwhelmed the network. With close to a billion passengers a year, the railway sells millions of tickets a day – and to keep the network robust, the company chose a hardware and software solution from Radware.
Port project marks new achievement in China-Israel infrastructure cooperation
- TEL AVIV, Israel, May 28 (Xinhua) — China and Israel made a new achievement in infrastructure cooperation on Thursday as Israeli port authorities signed a deal with a Chinese company according the company the right to run a new port in northern Israel for 25 years. “It (the Chinese firm) is bringing its capabilities to the port’s development, and it will of course strengthen the relations between China and Israel. And I am happy for that,” Israeli Transport and Intelligence Minister Yisrael Katz told Xinhua after the signing ceremony.
Israel accelerates China engagement
May 27, 2015
- As Iran’s nuclear talks with the UN and Israel’s campaign to stop it dominated the headlines, news of the two countries joining others to help China found a new multilateral bank largely escaped scrutiny. After the March 31 deadline, 57 countries had joined the Asian Infrastructure Investment Bank (AIIB) to fund proposed multi-billion-dollar projects in Asia and the Middle East. The bank’s rise barely six months after its memorandum signing has presented Israel and Iran with an unexpected opportunity for collaboration. The AIIB forms part of China’s grand strategy to reshape the global economy that includes the revival of the ancient 6,500-kilometre Silk Route alongside a new maritime trade channel stretching from the South China Sea to the Persian Gulf.
Israeli start-up helps Chinese retail giant beat counterfeiters
May 18, 2015
- Five months after announcing a major investment in the firm, China online commerce giant Alibaba has put Israeli start-up Visualead to work – producing “dotless” QR (Quick Response) codes that will help the company battle counterfeit goods. As an online marketplace, Alibaba is vulnerable to unsavory entrepreneurs who counterfeit luxury goods made by some of the world’s top names – an ongoing problem in China. Now, as a publicly traded company, the company has been working hard to prevent counterfeit goods from being traded through its site – and for help in doing that, it has turned to Visualead to develop unique, decorative – and unduplicable – QR codes for high-end products.
It’s kosher: Israel embraces Chinese investment
May 15, 2015
- Chinese money has arrived in Israel only recently, and so far, it has run into relatively little political backlash, even on critical infrastructure projects such as the new 3.3 billion shekel (US$864 million) port being built in the Mediterranean city of Ashdod by China Harbor, the Financial Times reported Friday. The Chinese experience in Israel stands in contrast with the United States, where officials blocked a Chinese investment in wind farms in 2012 and more recently raised concerns that the Chinese government is linked to hacking attacks on US defense contractors.
China investment in Israeli companies rises
May 14, 2015
- When Israel held its biggest agricultural technology conference, Agrivest, last month, one in 10 of the delegates who travelled to the central city of Rehovot to attend came from China. A few weeks before, a large delegation from Alibaba, the Chinese e-commerce giant, had been in Tel Aviv to attend Cybertech, Israel’s main conference on cyber security, an area in which the security-conscious Jewish state excels. Alibaba in January invested an undisclosed sum in Visualead, an Israeli company specialising in QR code technology.
- Chinese companies are pushing deeper and further into Israel than ever before, and Israeli companies and government officials are returning the embrace. “There seems to be a kosher stamp from the government on both sides to let these trade relations blossom and bloom,” says Jon Medved, founder and chief executive of OurCrowd, the Israeli crowdfunding company.
US alienation leading to Israeli-Chinese renaissance
- A renewed affair has been developing for the past three years between Israel and China. About 10 years after their relationship experienced a crisis following an American demand that Israel cut its security ties with China, Beijing has begun working to renew the close relations between the two countries. The first clear sign was the resumption of high-ranking visits between Israel and China, including visits by chiefs of staff, defense ministers, and finally Prime Minister Benjamin Netanyahu’s visit to China in May 2013, which created a great buzz. The Chinese foreign minister, deputy prime minister and politburo members have also visited Israel since then.
Israel, China launch joint task force for expanding ties
- Under the framework of the recently launched Chinese-Israeli “Water City” project, 20 officials from the municipality of Shouguang are visiting the country this week to explore a variety of Israeli innovations across the sector, the Economy Ministry announced on Monday. The trip to Israel follows Economy Minister Naftali Bennett’s November visit to China, during which Israeli and Chinese officials declared the eastern Chinese coastal city of Shouguang as the future hub – or “Water City” – for Israeli water activities in the Asian nation. At the time, the decision was made by Israeli and Chinese government officials that Israeli water technologies would be implemented on a commercial scale in Shouguang, serving as potentially adaptable models for other areas in China.
Tycoon Li Ka-shing Looks to Israel
Mar 30, 2015
- Hong Kong tycoon Li Ka-shing’s venture-capital fund, Horizons Ventures Ltd., may only be a bit player in Silicon Valley, but its making a much bigger 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, backed by the wealth of Asia’s richest man, was the first major Asian investor to invest in Israeli tech entrepreneurs in 2011 when Horizons led a $30-million fundraising round in Waze. The mapping and navigation startup was bought by Google Inc. two years later for $1.1 billion.
China’s Alibaba forms second partnership in Israeli high-tech
- Chinese e-commerce giant the Alibaba Group is entering into a strategic partnership with one of Israel’s leading venture capital firms, Jerusalem Venture Partners. The Chinese company is set to invest tens of millions of dollars in JVP. The move marks the first time Alibaba has invested in an Israeli VC firm and the second time it has invested in Israeli hi-tech: In January, Alibaba invested approximately $5 million in Visualead, a QR code beautifying company.
Israeli ambassador to China: 100,000 Chinese tourists in Israel in 2017
- In anticipation of additional direct flight routes between Beijing and Tel Aviv set to launch this fall, Israel’s ambassador to China, Matan Vilnai, vowed to see 100,000 Chinese tourists coming to visit Israel in 2017. Hainan Airlines, the largest privately owned Chinese airline and China’s fourth-largest air carrier, will start direct flights from Beijing to Tel Aviv in 2015. Currently, only El Al flies between China and Israel, with three weekly flights. The route is slated to operate three days a week, on days that El Al does not fly the route.
The year of the dragon: Israel enjoys record trade with China
- The Chinese acquisition of Adama, Tnuva and Phoenix Holdings generated the buzz, but Israelis and Chinese were partners in a wide range of investments and acquisitions in 2014. Last year was a record one when it came to investments and acquisitions of Israeli companies by Chinese firms. The tally of completed deals, transactions in progress, commitments for future sales, joint enterprises and economic cooperation agreements in 2014 came close to $4 billion.
Israel calls for early start of free trade talks with China
- Israel and China should launch negotiations on the proposed free trade agreement at an early date to lift bilateral economic and trade relations to a new height, Israeli ambassador to China Matan Vilnai said Wednesday.
China-Israel ties on the rise
- Despite the difference in size, China and Israel have enjoyed a rapid expansion of trade and increased economic exchanges in recent years. China is now Israel’s third largest export destination. Israel is known for innovation and strong R&D, water treatment and agricultural technologies which China can benefit from. During a recent interview with Global Times (GT) reporter Song Shengxia, Yaffa Ben-Ari (Ben-Ari), deputy director general of the Economic Affairs Division of Israel’s Ministry of Foreign Affairs, discussed the key economic and trade issues between the two countries.
- Ben-Ari: I foresee strengthening economic relations between China and Israel. Basically, trade between Israel and China has been steadily increasing in the last three years, with trade doubling between 2010 and 2014. Trade in 2010 was about $5 billion, with Israeli exports to China amounting to $1 billion. 2014 fared better than 2013. In 2014, trade value approached $11 billion and I think Israeli exports to China accounted for nearly 30 percent of that amount. While it’s a positive development it’s nothing compared to the potential of the Chinese market. China also invested $300 million in Israeli high technology in 2014.
China, World Jewish Congress to Commemorate 70th Anniversary of Shanghai Ghetto Liberation
- The People’s Republic of China (PRC) and the World Jewish Congress (WJC) will, for the first time, be hosting an event in Shanghai this coming September to commemorate the 70th anniversary of the liberation of the Shanghai Ghetto and the end of World War II in China. The event was announced this week following a meeting in London between WJC CEO Robert Singer and PRC Minister of the Overseas Chinese Affairs Office Qiu Yuanpin. “China is one of the top players in international affairs, and it is in the best interests of world Jewry that we forge even closer relations with Beijing,” said Singer at the meeting. The Shanghai Ghetto – formally known as the Restricted Sector for Stateless Refugees – was home to about 23,000 Jewish refugees in Japanese-occupied Shanghai until its liberation by the Chinese on September 3, 1945 at the end of World War II.
Israel looks to help Chinese firms with early-stage start-ups
February 19, 2015
- Not a week goes by, it seems, without a large delegation of Chinese business people, investors and government officials visiting Israel to look for deals, start-ups and joint projects with businesses and universities. In a sense, the Israel-China business channel has become very crowded – overcrowded, some might say – as VCs and large corporations on both sides compete for the best deals. But most of that action is taking place among top-tier organizations – companies and venture capital funds that invest in the largest projects and organizations, according to D. Todd Dollinger, Chairman and CEO of The Trendlines Group, an Israeli investment firm that specializes in early stage start-ups in the areas of medical devices and agricultural technology
Israeli minister calls for closer bilateral cooperation with China
- Israel and China should tap further the potential in bilateral cooperation in the fields of agriculture, tourism, education, high tech and trade, Israeli Minister of National Infrastructures Silvan Shalom said Wednesday. Shalom made the comments at a reception held in honor of the new Chinese Ambassador Zhan Yongxin in the central Israeli coastal city of Tel Aviv.
In new Sino-Israeli venture, nonprofit offers help for the disabled
February 2, 2015
- As China gets to know Israel better, the world’s most populous country is becoming more familiar with aspects of Israeli society beyond technology start-ups. From a recent casual introductory visit by a visiting Chinese business executive to Beit Issie Shapiro, the Ra’anana-based organization that runs dozens of programs for thousands of disabled Israelis, was born a new form of Israel-China cooperation.
Alibaba makes first Israel investment in Visualead
- Visualead makes QR codes out of other images, sprucing up the usual black-and-white pixelated image. China’s e-commerce giant Alibaba made its first investment in Israel on Tuesday in Visualead, a Herzliya-based company that specializes in QR codes and “offline to online” (O2O) technology. “We have already seen O2O as a major area of growth in China,” said Zhang Kuo, director of Alibaba Group’s Mashangtao technology service. “Working with Visualead, a dynamic startup and first-mover in this field is the next logical step as we seek to enhance customer engagement on mobile platforms. We believe that Visualead’s leading Visual QR Code technology will complement our mobile marketing initiatives and enhance our ability to take advantage of the booming O2O opportunities in China.”
China to begin free trade negotiations with Israel in 2015
Dec. 31, 2014
- China will speed up talks on free trade agreements with six countries on the Arabian Peninsula and begin trade negotiations with Israel next year, state media said on Tuesday. China and members of the Gulf Cooperation Council – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates – started free trade talks in 2004. A deal will help China cut costs on energy imports from the region, the official China Daily said. “GCC countries consider China as a major market for their petrochemical products, and this (FTA) will assist those nations in their industrial development,” Zhang Shaogang, head of the Commerce Ministry’s international trade and economic affairs department, was quoted as saying.
Notes from China: The Chinese Dragon
- When I see how bureaucracy hobbles construction in our country, I wonder if Israeli officials wouldn’t benefit from a dose of Chinese medicine. The Chinese have no feelings toward us, either good or bad. They’re devoid of the anti-Semitism the other members of our class have been imbibing with their mother’s milk for generations.
Israeli Tech Startups Attract Chinese Investors
Dec. 16, 2014
- TEL AVIV—As China scours the world for tech investments, it is increasingly flocking to Israel for the next big thing. Baidu Inc. ’s investment in Uber Technologies Inc. last week is just the latest big Chinese investment in a foreign firm. But Chinese executives and investors say the tech startup hub of Tel Aviv is fast becoming a frequent stop in China’s global hunt for companies, startups and investments. They are joining American, European and Russian investors who have been shuttling in and out of Israel for years—many of whom have taken advantage of the country’s high-tech workforce to set up research and development beachheads.
Sino-Israeli Economic Ties Blossoming
December 01, 2014
- A convergence of commercial interests have led the People’s Republic of China and the State of Israel to develop an increasingly integrated bilateral economic partnership that is poised to flourish over the next decade. Bilateral trade has experienced a 200-fold increase since diplomatic ties were formally established in 1992, surging from $50 million to $10 billion in 2013, with plans to double that figure in the next few years; leading Gao Yanping, China’s ambassador to Israel, to enthusiastically exclaim “Our relations are shining with new luster in the new era.”
Israel and China Strengthen Economic Ties in Tel Aviv Conference
November 2, 2014
- One of Israel’s most influential business conferences, the 12th Go4Israel Conference, was held last week at the Hilton Tel Aviv, and placed particular attention on China. More than 1,000 participants took part in the conference including international and local entrepreneurs, investors, and business leaders. “The conference reflects Israel’s role in bringing the world’s Western and Eastern economies together. With an increasing presence of China in Israel’s business scene, we can help enhance global relationships between investors and entrepreneurs, mainly from Europe, China, and Israel,” said Edouard Cukierman, the chairman and founder of Cukierman & Co. Investment House, which organized the conference along with its private equity fund, Catalyst Fund.
Israel lays cornerstone of new Chinese-built seaport
October 28, 2014
- JERUSALEM, Oct. 28 (Xinhua) — Senior Israeli ministers and Chinese businessmen laid on Tuesday the cornerstone of a new multi- million dollar seaport in the city of Ashdod in southern Israel. The new port, which cost 3.3 billion shekels (870 million U.S. dollars), will be Israel’s first privatized port and will eventually enable larger cargo ships to dock here. The government expects it will transform Israel into an international hub for maritime trade in the Mediterranean.
Culture, business cement Israel-China relationship
October 3, 2014
- The top foreign investor in Israel’s economy no longer comes from North America or Europe — it’s China. Over the past two years, said Edouard Cukierman, a business person deeply involved in the bilateral commerce, “China over the past two years has become the number one investor in Israel. For them, Israel is a great source of technology to help them develop their economy, while for us, it’s a fantastic opportunity to gain entry into the biggest market in the world.” Increasingly, Israelis are looking at China as sort of a “big brother,” a partner with a burgeoning economy and great prospects for long-term growth. While there are misgivings – as evidenced in the opposition of some Knesset members to the purchase of Tnuva by China’s Bright Foods from the British Apax Partners, which owned the majority of shares, it should be noted – most Israeli business people – and many government officials – welcome the relationship.
China-Israel R&D collaboration develops: Avi Hasson
September 25, 2014
- BEIJING, September 25 (People’s Daily Online) “China became the No.2 country with regard to the R&D collaboration which we have, second only to the U.S. With China, we have seen huge success,” said Israeli Chief Scientist Avi Hasson at a press conference held in Beijing on September 22, 2014. His words echo the remarks made by the Israeli PM Benjamin Netanyahu during his visit to China in 2013. “China is a global economic power and Israel is a global center of R&D, and I think we can complement each other to secure the market of tomorrow. This is a perfect partnership,” said Netanyahu.
China, Israel becoming strange bedfellows
September 29, 2014
- Following the establishment of the state of Israel in 1948 and the People’s Republic of China a year later, ties between the two countries were virtually non-existent. A Maoist China that stridently supported revolution in the Third World, and gave aid to the Palestinian guerrilla movements, wanted nothing to do with the Jewish state. But as China emerged as a modern trading nation, that would change. Starting secretly during the 1980s, but with increasing openness after the establishment of official ties in 1992, arms sales at first defined Sino-Israeli relations. Israel became China’s second-largest weapons supplier.
Chinese Firms Swoop Into Israel Looking for Tech Investments
Sept. 24, 2014
- TEL AVIV—Chinese investors are pouring millions into Israel-focused, tech-investment funds—as well as launching their own funds and investing directly in Israeli startups—amid a frenzy of tech investment and deal making here. Yongjin Group Inc., a Chinese equity-investment management and financial- services company, has put between $15 million and $20 million into Israeli venture fund Pitango Venture Capital during the past year, according to people familiar with the matter. Lenovo Group Ltd. , the big Chinese computer maker, meanwhile invested around $10 million in Canaan Partners Israel, a venture fund affiliated with American-based Canaan Partners, in late August.
Chinese back patients get pain relief with Israeli tech
September 9, 2014
- Chinese patients facing tricky, dangerous back surgery can benefit now from the skills of Mazor Robotics, which develops technology to help surgeons more accurately and securely perform spine surgery. The China Food and Drug Administration (CFDA) has just approved the company’s Renaissance 3D imaging robotic surgery system, clearing the way for Renaissance to be installed in hundreds of hospitals in China. China is just the latest country where Mazor has made an impact. It was approved by the FDA in the United States over three years ago, and dozens of the systems are installed in North America, Turkey, India, and Southeast Asia. The Caesarea-based company went public in the US about a year ago, and it’s traded on NASDAQ. According to Mazor, its spine surgery-assisting technology has been used in over 4,000 procedures worldwide. The company’s entry into the Chinese market will, Mazor said, significantly increase the number of customers deploying its technology.
Chinese city of Harbin reopens 105-year-old synagogue
- The Main Synagogue in city that once hosted one of the Far East’s largest Jewish communities was reopened last week after 12 months of renovations. The Chinese city of Harbin reopened a 105-year-old synagogue to the public after an extensive restoration. The Main Synagogue on Harbin’s Tongjiang Street was reopened last week after 12 months of renovations at a festive ceremony featuring a performance by the String Quartet of the State Glazunovs Conservatory from the city of Petrozavodsk in Russia, the Xinhua news agency reported.
High-level visitors boost Israel-China business ties
July 6, 2014
- Following up on recent visits to Israel by large delegations from the Chinese government and business sectors, top Israeli economic and scientific officials are meeting with their opposite numbers from Beijing. The intense activity reflects the desire of both countries to deepen their cooperation in commerce and technology. An inter-ministerial task force led by Israel’s National Economic Council along with a team from the Israeli Ministry of Economy headed by Chief Scientist Avi Hasson is meeting with Chinese counterparts from the National Development and Reform Commission (NDRC) to develop concrete plans to build on an already successful model.
China seeking Israeli counter-terror experts
July 10, 2014
- China is recruiting foreign experts in counter-terrorism to assist the training of anti-terror personnel, state-run media reported Thursday, following a spate of deadly attacks which authorities blame on Islamist-inspired separatists.
- “The US and Israel have accumulated rich practical experience in fighting terrorism,” Mei Jianming, director of the university’s Research Center for Counter-terrorism, told the paper. “The US is advanced in overall strategic research, and Israel is very proficient at tactical action in fighting terrorism.”
Israel and China sign $300M deal to spur nanotech-computer science innovation
June 23, 2014
- Israel and China are now BFFs — at least when it comes to the subjects of nanotechnology, computer science, and other high-tech fields. Two prominent tech universities from both countries – Tel Aviv University and Tsinghua University in Beijing — recently signed a $300 million deal that will see an exchange of Ph.D students from Israel and China. And eventually, satellite offices on both campuses.
Israel welcomes tech-hungry Chinese investors
May 22, 2014
- (Reuters) – China’s purchase of a controlling stake in Israel’s largest food maker reflects a broader surge in Chinese investment in an economy largely tethered to Western markets. The deal, announced on Thursday, gives China access to Israel’s high tech expertise, cachet among consumers made wary by domestic food production scandals and an alternative place to put their money amid trade obstacles from a wary United States. In return, China offers a large market and source of funding at a time of growing calls, especially in Europe, for a boycott of Israel over its failure to make peace with the Palestinians.
Israeli campuses launch joint programs with China
- Chinese-Israeli ties grew on Monday as Tel Aviv University and Beijing’s Tsinghua University signed a $300 million deal to establish a joint research and education center, to be called XIN, and the Hebrew University of Jerusalem inaugurated a Confucius Institute. Xin, which means “new” in Chinese, will operate at both universities “to develop bold and original solutions that will contribute significantly to their countries and to humanity as a whole,” focusing on fields such as nano-technology and addressing global issues, such as water, energy, health and the environment, known as Grand Challenges.
Israel inks tech pacts with China’s Silicon Valley
- Israel signed a bilateral industrial R&D cooperation agreement on Tuesday with China’s Zhejiang Province, known as the Silicon Valley of China, as 350 delegates from the Asian giant attended MIXiii, the Israel Innovation Conference. It also inked agreements with Jiangsu Province’s Science and Technology Department to promote Israeli companies’ participation in Chinese innovation parks and a first-of-its kind pilot program to encourage Israeli companies participation in the Changzhou Innovation Park in Jiangsu (population 79 million).
To make China-Israel STI cooperation bloom
- The Chinese and Israeli governments signed agreements on science and technology cooperation in 1993 and 2010. We see each other as an important partner for innovation cooperation. Our fruitful cooperation on science, technology and innovation (STI) has always been a major highlight in our relations of friendly cooperation, and a guide to collaboration in other fields. We are pleased to note that through the joint efforts of the two sides, a multi-tiered cooperation framework covering national governments, local authorities, enterprises and research institutions of both countries is taking shape. Meanwhile, our cooperation in joint R&D, innovation incubation, venture capital and intellectual property has produced outstanding results, while science and technology is contributing more to the bilateral trade.
Shifting Allies? Landmark Plan Approved Advancing China Ties
- Another indicator of the burgeoning alliance between Israel and China was seen Tuesday, as the Ministerial Committee for Chinese Affairs, headed by Prime Minister Binyamin Netanyahu, approved a plan to deepen and widen bilateral financial ties. The approval comes on the momentum of Chinese Vice Premier Liu Yandong’s visit to Israel, which on Monday included signing a bilateral cooperation agreement with Netanyahu and inaugurating a new academic institute to strengthen cultural ties.
As China Turns Toward Middle East, China and Israel Seek Closer Ties
April 09, 2014
- Israeli President Shimon Peres arrived in Beijing on Tuesday for a three-day state visit to China. Peres’ trip was the first visit to China by an Israeli president since 2003, although Prime Minister Benjamin Netanyahu took a trip to China in May 2013. Netanyahu’s visit itself was noteworthy, as it was the first such trip by an Israeli Prime Minister since 2007. Both Peres and Netanyahu’s trips to China point to a renewed interest in China-Israel ties. Just before his trip, Peres said that given China’s rising world status, and its growing interest in the Middle East, strengthened China-Israel ties are in the best interests of both countries. In an op-ed for The Jerusalem Post, Chinese Ambassador to Israel Gao Yanping wrote that Peres’ visit to China “will promote a new high in China-Israel relations.” Indeed, China and Israel have been rapidly developing their ties of late, with a flurry of high profile visits since Netanyahu’s trip to Beijing last May.
China Expands Strategic Presence in Israel
Mar. 1, 2014
- EL AVIV — China is building a strategic presence in Israel through a growing portfolio of holdings in national infrastructure, high-tech startups and core industries. With state financing, surging investment and the support of the Israeli government, Chinese public institutions and private investors are acquiring control of key industries and gaining unprecedented access to Israeli technology, innovation and know-how.