Recent China-Israel Business Headlines
8 August 2018 - Health Digital Asset Platform "EOCH" gets investment from Danhua Capital. EOCH is reportedly the world's first user-centric and highly confidential medical data system that uses blockchain technology for medical information management. The platform is led by Stephan Czech in Germany and a number of blockchain research experts such as Israelis Prof. L. Shenkman and Daniel Aronovich. Full article (Chinese)
7 August 2018 - China’s CMS Medical Signs Multi-Million Dollar Deal With Israeli Pharma Company Can-Fite. CMS Medical has made an upfront payment of $2 million to Can-Fite and committed to milestone payments of up to $14 million upon achievement of certain regulatory milestones, and payments of up to $58.5 million upon the achievement of certain sales milestones. The agreement includes double-digit royalty payments on net sales. Full article
6 August 2018 - Giant Network confirms acquisition of Playtika. Giant Network reportedly confirmed that it will acquire the Playtika project for RMB 30.5 billion and enter the audit stage of the China Securities Regulatory Commission. Giant Network’s trading on the Shenzhen exchange was suspended until further notice. Playtika was acquired by a Chinese consortium, represented by Giant Networks. Giant is now acquiring Playtika from the consortium. Full article (Chinese)
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