Recent China-Israel Business Headlines

26 June 2018 - Ofo Cancels Bike-Sharing Pilot at Israeli Research University, Report Says. Launched in April, the pilot was canceled due to the high cost of retrieving bikes that were taken out of campus or locked with personal locks to prevent other people from using them. Full article

25 June 2018 - Beijing Government Sets Up $4.6B Fund To Back Core Tech Innovations. Beijing has established a RMB30 billion (US$4.6 billion) Beijing Science & Technology Innovation Fund, a fund-of-funds with an objective to invest in no more than 100 funds worldwide to support core technology innovations, instead of business model innovations. Full article

24 June 2018 - Israeli Jeweler Michal Negrin to Open Wuhan Store. The new location in China will be a flagship store and will accompany three other store openings in Hungary, Romania and Croatia. The brand already has 67 stores around the world and more are expected to open by the end of the year. Full article (Hebrew)

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