Major Chinese Conglomerate to Open Tech Incubator in Israel

June 12, 2013 12:11 pm 4 comments

Benjamin Netanyahu meets with Chinese President Xi Jinping May 9, 2013. Photo: Israel GPO.

One of China’s largest conglomerates has announced it plans to establish a technology incubator in Israel.

Fosun International chairman Guo Guangchang told Prime Minister Benjamin Netanyahu of the plan following the latter’s recent visit to the country, Globes reports.

“The Fosun Group chairman updated the Prime Minister on the establishment of a venture capital fund in Israel to locate investments for the group in Israeli start-ups,” said the Prime Minister’s Office in a statement. “The group intends to increase its commercial presence in the form of a technological incubator to locate and promote Israeli technologies, as well as find additional business opportunities for cooperation with Israeli companies and distribute their products in the Chinese and international markets.”

Specifics on the location of the incubator were not immediately available.

Following Fosun’s acquisition of Israel’s medical equipment manufacturer Alma Lasers in April, it announced it planned to strengthen its presence in the country beyond the medical equipment industry.

4 Comments

  • Luigi Rosolin

    Cooperation is good,China can be ignore, certainly need to be monitor from negative politically interference, like anyone else nation. Their interest is very important in the relation with Israel neighbor Islamic state of undermine Israel. China had not interest to promote such behavior that is encouraging her internal Islamic community to rebel. China is a world wide power with must be deal, wanted or not, we are influence by the market power and the capacity of the army and the technological advance capacity that is changing the political alliance. Hope China will keep changing and help in a very constructive way for peace and recognition of Israel by the Arab country.

  • israel should be cautious with red china.as carol said in her above comment.its obvious that fosun is just a front company,for them to have a window of opportunity for their espionage activities.in the philippines,they give money to leftist groups like kmu,anakpawis to propagate their ideology.they are very active with cyber espionage with u.s.a.

  • As glad as I am to hear that companies are openly doing business with Israel, China does not have a good record on free trade, patent infringements, espionage and the like. I hope Israel will be on guard, so this is a truly mutual beneficial relationship.

    • Leslie Green

      Not to mention their horrible human rights record. Google Masanjia – one of thousands of slave labor “re-education camps” operated by the Chinese. Many of the prisoners are there simply because they are members of religious groups like Falun Gong or underground churches

Leave a Reply

Please note: comments may be published in the Algemeiner print edition.


Current day month ye@r *

More...

  • Arts and Culture US & Canada ‘Death of Klinghoffer’ Actress Compares Met Opera to ‘Schindler’s List’

    ‘Death of Klinghoffer’ Actress Compares Met Opera to ‘Schindler’s List’

    An actress starring in the controversial Met Opera The Death of Klinghoffer defended the show on Tuesday by comparing it to the 1993 Holocaust film Schindler’s List, New York Post reported. “To me, this was like [the movie] Schindler’s List. We make art so people won’t forget,’’ said the actress, who plays a captured passenger in the show and asked not to be identified. The Met Opera focuses on the infamous murder of Lower East Side Jewish resident Leon Klinghoffer, 69. The wheelchair-bound father of [...]

    Read more →
  • Analysis Arts and Culture Beyond ‘Klinghoffer’: Opera’s Composer, Librettist Have Broader Jewish Problem

    Beyond ‘Klinghoffer’: Opera’s Composer, Librettist Have Broader Jewish Problem

    JNS.org – One of the most controversial operas in recent memory, “The Death of Klinghoffer,” debuted Oct. 20 at New York’s Metropolitan Opera. The Met has scheduled seven more performances through November. The first staging did not occur without protest, as about 400 demonstrators—including Jewish communal and nationally recognized leaders—came to Lincoln Center to denounce the anti-Jewish and anti-Israel opera. “Klinghoffer,” the creation of composer John Adams and librettist Alice Goodman, premiered in 1991—with few additional stagings. The opera is based [...]

    Read more →
  • Arts and Culture US & Canada Israeli Actress Gal Gadot in Talks to Star in Ben-Hur Remake

    Israeli Actress Gal Gadot in Talks to Star in Ben-Hur Remake

    Israeli actress Gal Gadot is in negotiations to take on the female lead role in the remake of the 1959 classic Ben-Hur, according to The Hollywood Reporter. If the deal is finalized Gadot will play Esther, a slave and Ben-Hur’s love interest. Actor Jack Huston will star as the Jewish prince who is betrayed into slavery by his childhood friend Messala, played by Toby Kebbell. Ben-Hur fights for his freedom and vengeance with the help of Morgan Freeman’s character, who trains Ben-Hur how to win at chariot-racing. [...]

    Read more →
  • Jewish Identity Sports Young Israelis Try to Crowd-Fund Their Way to Major League Baseball Playoffs

    Young Israelis Try to Crowd-Fund Their Way to Major League Baseball Playoffs

    JNS.org – Baseball, hot dogs, and apple pie are the American dream. So why do two young men who have built their lives in Israel have a GoFundMe crowd-funding webpage with the urgent message that they need $3,000 to travel to the U.S. to watch the Kansas City Royals and Baltimore Orioles square off for Major League Baseball’s (MLB) American League championship? Brothers Naftali and Yoni Schwartz, 27 and 25, respectively, are Kansas City natives. Even though they made aliyah with their [...]

    Read more →
  • Blogs Sports Race Cars Speed Through Jerusalem in Amazing Exhibition

    Race Cars Speed Through Jerusalem in Amazing Exhibition

    Some 3,000 years ago, King David probably never imagined cars racing at 240 kilometers per hour (150 miles per hour) through the ancient capital of the Jewish people. But on Monday and Tuesday, October 6-7, thousands of Israelis lined the streets to watch Porsche, Audi, and Ferrari race cars fly through the capital against the backdrop of the Tower of David, the Old City Walls, and other city landmarks. The second annual non-competitive Jerusalem Formula One Road Show had been [...]

    Read more →
  • Israel Sports NBA Superstar LeBron James Says He Wants to Visit Israel

    NBA Superstar LeBron James Says He Wants to Visit Israel

    Cleveland Cavaliers forward LeBron James expressed interest in visiting Israel someday, local news site Cleveland.com reported on Sunday. Speaking to Israeli reporters before the Cleveland Cavaliers’ preseason debut against Maccabi Tel Aviv, the NBA star said he had never visited the Jewish state but “I want to look forward to going there if I get an opportunity to.” When asked by an Israeli reporter if there was “any chance that LeBron James and Cleveland comes to Tel Aviv,” the athlete said [...]

    Read more →
  • Sports US & Canada Florida Rabbi Dominates Former Basketball Star Congressman in Hoops Showdown (VIDEO)

    Florida Rabbi Dominates Former Basketball Star Congressman in Hoops Showdown (VIDEO)

    A Florida-based Chabad rabbi put former basketball star, U.S. Congressman Curt Clawson to shame on the court when the two faced off one-on-one recently. A YouTube video, posted online on Tuesday, shows Rabbi Fishel Zaklos of Chabad of Naples shooting hoops with the Florida politician, who played basketball in high school and at Purdue University in Indiana. The game took place in the parking lot of the Chabad Jewish center run by Zaklos. During the 1-minute clip, Zaklos scores two impressive [...]

    Read more →
  • Sports US & Canada David Blatt’s Cleveland Cavaliers Rout Maccabi Tel Aviv, 107-80

    David Blatt’s Cleveland Cavaliers Rout Maccabi Tel Aviv, 107-80

    JNS.org – Less than five months after leading Maccabi Tel Aviv to its sixth European basketball title, David Blatt, now the head coach of the NBA’s Cleveland Cavaliers, routed his former team in an exhibition game on Sunday, with the Cavaliers dominating Maccabi 107-80 at the Quicken Loans Arena in Cleveland. The 20,562 fans in attendance witnessed Lebron James’s first appearance in a Cavaliers uniform since he left the club in free agency for the Miami Heat four years ago. [...]

    Read more →



Sign up now to receive our regular news briefs.