China-Israel Business News

18 April 2018 - Plans to transform Hainan into China’s largest free-trade zone put it back on developers’ investment radar. China’s ‘Hawaii’ expected to register more rapid growth than country overall in five to 10 years. Full article

18 April 2018 - Automaker equity cap to be scrapped. The current 50 percent cap on foreign equity, put in place in 1994, will be removed this year for companies that produce new energy vehicles and special-purpose vehicles. Full article

16 April 2018 - Ex-Israeli chief scientist helping Guangzhou jumpstart its tech ecosystem. The Guangzhou Municipal Government has asked Yehoshua (Shuki) Gleitman to collaborate on setting up a local incubator program, similar to those he helped set up while heading Israel’s Chief Scientist Office. The program will provide investment grants for some $400,000 to $450,000 per project, he said, and the idea is to invest both in Chinese ventures and Israeli ventures that will be set up in the region. Full article

16 April 2018 - Israel has become China's second largest investment institution in China. Israeli projects are highly sought after, but domestic institutions also have requirements for investment projects. Many Chinese institutions will require the invested company to have a business in the Chinese market and establish a branch or office. Full article (in Chinese)

15 April 2018 - China to expand renewable energy development. In addition to curbing the use of vehicles and applying stricter pollution controls to construction sites and those that use coal as an energy source, the government is fast-tracking the manufacturing of “green” cars. Full article

11 April 2018 - China pledges to allow more foreign investment in financial sector by year-end. Some steps were promised to be put in place as early as June. China will raise foreign ownership limits to 51 percent in securities, fund management, futures and life insurance companies “over the next few months”, the PBOC said. Other steps include allowing foreign firms to invest in trust companies, financial leasing, auto finance and consumer finance. The PBOC also confirmed it wants to set up a planned trading link between its stock markets and London by end-2018.  Full article

10 April 2018 - Shanghai Yuyuan to invest in Zhejiang Fuyi to own stake in Ahava. Shanghai Yuyuan plans to invest RMB 100 million (USD 15.8 million) in Ahava’s 100% shareholder Zhejiang Fuyi. Yuyan will then have a 15.3% indirect stake in Ahava.  Full disclosure (in Chinese)

10 April 2018 - Techcode & Intel China Big Data & AI Global Competition Meetup. Ten startups will be selected by a panel of judges to pitch at the competition in Israel and win $20,000 (1st), $10,000 (2nd) or $5,000 (3rd) prizes. The top 3 companies will also win a free trip to Guiyang, China where they will compete with startups from around the world for a grand prize of RMB 1 million RMB ($155,000). Full details

10 April 2018 - China-Israel Technology Cultural Exchange Platform Settled at Hongfu Incubator. Hongfu Incubator, Zhongyou Changlong Company and the Israeli Chamber of Commerce signed a strategic cooperation agreement to create a Sino-Israeli scientific and technological cultural exchange for China-Israel entrepreneurs to jointly innovate and create new business models. Full article (Chinese)

10 April 2018 - Israeli Embassy, GIV Solutions talk Smart Cities with Great Wall. Ophir Gore of the Israeli Embassy in China and Meir Givron of GIV Solutions met with Great Wall’s SVP Duan Jun to discuss the companies’ work within smart cities. The companies agreed to increase smart city cooperation and exchanges.  Full article (Chinese)

9 April 2018 - Joint Zhongsheng Pharma and WuXi AppTec Cancer Drug Patent Authorized in Israel. The patent for cancer drug ZSP1602 developed by the two companies was authorized by the Israel Patent Office. Full article (Chinese)

9 April 2018 - Beijing to Open Economic Mission in Tel Aviv with Zhongguancun Branch. Beijing’s Deputy Mayor Yin Hejun announced the mission last Sunday while on a visit to Israel. The economic office will serve as a satellite of the Chinese capital’s Zhongguancun Science Park, connecting the tech sectors of the two cities. The Tel Aviv mission will be run by Shengjing Group. Full article

9 April 2018 - Temi Inks Deal to Distribute Domestic Robot Helpers in China. Roboteam Home USA Inc., also known as Temi Inc., has signed a three-year distribution deal for 100,000 units of its personal assistant robot, called Temi, with Chinese electronics distributor Shenzhen Aisidi Co., Ltd. The exact financial terms were not disclosed but Temi will supply Aisidi with 30,000 units in the first stage. Chinese healthcare retail chain WeDoctor Group is currently developing an app to use the robots in its physical stores as sales representatives.  Full article

4 April 2018 - Foxconn to Manufacture Blockchain Phone From Sirin Labs. A subsidiary of Foxconn has agreed to help develop and produce a blockchain phone from Sirin Labs. Sirin plans to sell the device through eight new stores, located in places with the most active crypto communities, such as Vietnam and Turkey. Sirin hopes to license its technology to other phone manufacturers and is reportedly in talks with Huawei. Full article

4 April 2018 - Taboola Partners with ZTE. Taboola has partnered with ZTE, a leading mobile device manufacturer, to roll out its offering that creates a new revenue stream for ZTE while simultaneously opening a new audience source for Taboola’s premium publisher partners. Full article

2 April 2018 - DLD 2018 dates set. The DLD Tel Aviv Innovation Festival will be held in Tel Aviv on September 3-6, 2018. Not many details yet, but past festivals have included China-focused events attended by many.  Full article

2 April 2018 - Kenon financial update on the Qoros transaction. Qoros has confirmed that all remaining funds for the new investment in Qoros, totalling RMB 6.63 billion ($1.052 million), have now been advanced by the new investor, a Baoneng Group entity. Year-on-year 1Q Qoros sales have increased 200%.  Full article

30 March 2018 - Israel Opens Chinese Diamond Information Platform for Chinese Jewelers. Get-Diamonds e-commerce platform and Israel’s Rock & Trade B2B e-commerce platform have recently signed a cooperation agreement to open a Chinese diamond information service platform for Chinese jewelers. Chinese jewelers can now learn about Israeli diamond products and inventory, especially high-quality, special-cut diamonds and rare diamonds.  Full article (Chinese)

30 March 2018 - Kang Hong Pharma completes first stage of IOPtima investment. Last October Kang Hong signed an agreement with IOPtima for a $46m equity investment and exclusive distribution deal, to be executed in four stages. Kang Hong announced that the first stage ($7m) has been completed. The company now holds 18.42% of IOPtima. Company Announcement (Chinese)

30 March 2018 - Global Innovation Pharmaceutical Investment Fund established in Tianjin. The four partners behind the fund are: SDIC Innovation Investment Management Co., Ltd, Tianjin Development Zone Administrative Committee, Kailai British Medicine Group (Tianjin) Co., Ltd and Tianjin Haihe Industry Fund Management Co., Ltd. Each partner will have a role related to R&D, policy support and fund management. Investment models include IP purchase and JVs. Full article (Chinese)

30 March 2018 - Sichuan and Israel talk olives. Representatives from the Sichuan Provincial Forestry Department and the Israel Consulate General in Chengdu discussed deepening cooperation in the olive industry, which has contributed to the development of rural Sichuan. The Forestry Department has launched an initiative for practical cooperation and explored ways to promote bilateral technical exchanges and talent training cooperation in olive cultivation.  Full article (Chinese)

28 March 2018 - Copyleaks Closes Seed Funding Round. The round of an undisclosed amount was led by Connecticut Innovations (CI), with participation from investors in China, Israel, Italy and the United States. With the backing of CI, the company is now making its entrance into the U.S. market with a new office in Stamford, Connecticut. Full article

26 March 2018 - TCL Group announces overseas and domestic M&A funds. The overseas fund, to be called TCL Ventures Fund LP, has $75 million in commitments and will be mainly based on equity investments with no intention of getting involved in operations. Israel appears to be on TCL’s radar. Full article (Chinese)

24 March 2018 - Shanghai listed Luenmei Quantum to form JV with Mantis Vision. Last January Luenmei invested $36 million in the Israeli 3D imaging company. Now it is announcing a 50/50 Shanghai-based JV, with each party contributing $5 million. The JV is in essence an exclusive distribution deal for Mantis Vision products in China. The provisional name is MantisVision Technologies Co., Ltd. (螳螂视觉科技有限公司). Full disclosure (Chinese)

23 March 2018 - MASHAF Deputy Head Yuval Fuchs in Sichuan for Agricultural Projects. After negotiating agricultural cooperation projects in Liangshan Prefecture, Yuval Fuchs set out to Renshou Agricultural Base in Meishan. “We hope to build a network of agricultural bases in China," he said. Giving Beijing and Ningxia as examples, he stated, “The key to the project is to transfer agricultural technology to local farmers, especially trainers, who can further transfer these technologies to more farmers.” Full article (Chinese)

22 March 2018 - Huawei in Talks with Sirin Labs for Blockchain-Supporting Phone. Huawei is in talks to license Sirin Labs’ operating system, called SIRIN OS, to run blockchain applications alongside Alphabet Inc.’s Android system, said two people familiar with the plans, who asked not to be named because the talks are private. Talks are preliminary and no agreement has been signed, the people said. The plans would mark the first foray of a major smartphone maker into blockchain. Full article

21 March 2018 - Social Trading Company eToro Raises $100 Million. The funding round was led by China Minsheng Financial Holding Corporation Limited, with participation from Tokyo-based SBI Group, and Korea Investment Partners. Full article

16 March 2018 - Xiaomi to open Tel Aviv store in May. Described as a combination of Apple and Max Stock, Ofir Dor illustrates what may be to come when Xiaomi opens in Tel Aviv. Full article (Hebrew)

16 March 2018 - Guangzhou Fund’s Emerging Fund (新兴基金) and Trendlines sign agreement. The two parties will jointly establish a RMB fund to invest in biomedical, agricultural, and food industries to promote the development of related industries in Guangzhou. Full article (Chinese)

13 March 2018 - Huawei Sued for $23 Million by Israeli Distributor Electra for Breach of Contract. In February, Huawei notified Electra it is canceling their five-year exclusive distribution contract, due to Electra’s failure to reach its $60 million sales goal for 2017. Full Article

12 March 2018 - BioCatch closes $30M round. The round was led by Maverick Ventures, with participation from CreditEase, OurCrowd, and others. BioCatch is a U.S./Israeli startup that has developed “behavioral biometric authentication and threat detection” tech to enable banks and other high-transaction companies to stop online fraud before it happens. Full article

8 March 2018 - Xsight signs Chinese Runway Safety Agreement. As an exclusive agent Xsight will cooperate to provide personnel training, product promotion, etc., and use the world's leading technology to prevent the foreign objects on the runway and improve safety of runways, increase runway capacity, and improve airport operations efficiency. Full article (Chinese)

8 March 2018 - ReWalk Robotics Raises $20 Million for Expansion Into Chinese Market. With the investment from Hong Kong based Timwell Corporation Ltd, ReWalk plans to bring to China its wearable exoskeletons that help people walk again after injuries and strokes. Full article

7 March 2018 - Sichuan Airlines to launch Tel Aviv - Chengdu route. Sichuan Airlines has filed a request with the Israel Airports Authority to operate two weekly flights from August on Tuesdays and Saturdays. Full article

7 March 2018 - Israeli heart monitoring co Vectorious raises $9.5m. Israeli medical device company Vectorious Medical Technologies has raised $9.5 million in a Series B financing round led by Boston-based Broadview Ventures and China's GEOC. Full article

6 March 2018 - Israel’s Medial EarlySign raised $30 million. The round was led by aMoon Fund and included Horizons Ventures, bringing total funding to $50 million. Full article

6 March 2018 - Six bids to build Jerusalem southwestern entrance highway. Among the bidders are Pan Mediterranean Engineering Company (PMEC), a unit of China Harbour Engineering Company; and China Civil Engineering Construction Corporation Ltd (CCECC). The road will be built on a public-private partnership (PPP) basis with the winning bid planning, financing, building, operating and maintaining the highway on a 25 year concession. Full article

5 March 2018 - Hong Kong-Based Investment Bank Ion Pacific to Launch Israeli Outpost. Ion Pacific plans to invest at least $100 million in the Israeli market in the next 12-18 months. According to Ion Pacific Founder and co-CEO Itamar Har-Even, Ion Pacific began its activity in Israel late last year and has invested approximately $45 million locally to date. Eran Zack will manage Ion Pacific’s activity in Israel. Full article

3 March 2018 - HKEx does not intend to join TASE. It was recently reported that more than 10 global exchanges including HKEx, intend to acquire a stake in Israel's Tel Aviv Stock Exchange (TASE). A HKEx spokesman said, "We will not comment on stories and rumors." It is learned that the HKEx has not considered making the acquisition. Full article (Chinese)

27 February 2018 - China's Yunnan Aluminium approves battery JV with Israel's Phinergy. The venture, which has the working name of Yunnan Phinergy Chuang Neng Metal Air Battery Co Ltd, will have a registered capital of RMB 813.82 million ($128.97 million) and be based in Kunming. Yunnan Aluminium and Phinergy will each own 32% in the venture, with the remaining 36% in the hands of a company called Shanghai Zuoyong New Energy Technology Co. Full article

27 February 2018 - China Railway wins light rail red line contract. China Railway won the bid for the EPC contract of track-laying and design, supply and construction of electromechanical systems. The bid amounted to approximately ILS2.49 billion ($716 million) in aggregate.  Full article

27 February 2018 - 10 foreign stock exchanges interested in buying TASE. Candidates to acquire the Tel Aviv Stock Exchange include the stock exchanges in Toronto, London, Hong Kong, Singapore, and Sydney. Full article

27 February 2018 - Israeli optimized irrigation co Saturas raises $4m. Israeli automatic irrigation company Saturas has announced that it has completed a $4 million financing round. Among the investors are Hubei Forbon Technology Co. Ltd. Full article

26 February 2018 - Didi Chuxing to Scout Israel for Investments. A senior delegation from Chinese ridesharing company Didi Chuxing will arrive in Israel for a one week visit mid-March to scout for investments and partnerships. Didi is expected to meet with Israel-based companies in the domains of smart mobility, autonomous driving and electrical vehicles. Full article

26 February 2018 - Anagog raises $10m from Daimler and Mizmaa. Anagog CEO Ofer Tziperman stated, “Business cooperation with Daimler is a strategic opportunity to find mutual synergy between Anagog's mobility innovations and Daimler's long-term vision for mobility services. We are also very glad to add the experienced Mizmaa team [whose] thorough knowledge of our potential markets will be a valuable asset for Anagog. We're working on expanding the financing round to additional important investors able to help us realize our vision for innovation in mobility.” Full article

26 February 2018 - Yafo Capital announces strategic JV with COFCO for entry to Nutrition and Food. The China-based JV will facilitate deals with foreign companies for R&D, investment, and strategic partnerships in agtech, life sciences, biotech, and others. Full article

26 February 2018 - Bike-sharing service Mobike comes to Israel. Chinese bicycle sharing venture Mobike is getting underway in Israel, and will start to operate pilot schemes in several local authorities, among them Rehovot, Kiryat Bialik, Kiryat Motzkin, Kadima, Tsoran, the Dead Sea area, and the Jordan Valley Regional Council. The Chinese venture will operate through Car2Go, in cooperation with local authorities. Full article

20 February 2018 - Arkin Holdings, Pontifax and WuXi AppTec partner with Merck to Invest €20m in Israel. ExploreBio is an initiative comprising pre-seed investments and management services for proof-of-concept-experiments in biotechnology. Additionally, companies benefiting from the ExploreBio initiative will be given the opportunity to work at Merck’s BioIncubator facilities in Yavne, Israel. Full article

15 February 2018 - Chinese Low-Cost Lifestyle Brand Miniso is Coming to Israel. In Israel, 50% of the franchise will be owned by Gonen Cohen and Nir Yakobov, two Israeli businessmen operating in China. The remaining share will be mostly owned by Israeli brothers Yitzhak and Sharon Nisanov, who have business interests in diamonds and real estate. Shlomi Gabay, formerly the CEO of Ikea Israel, will manage the franchise in Israel. Full article

14 February 2018 - China’s Dalian Wanda Group Sells Atlético Stake to Israeli Billionaire. China’s Dalian Wanda Group has sold a 17% stake in Atlético Madrid to Quantum Pacific Group, whose principal is Israel-born billionaire Idan Ofer, the Spanish soccer club announced Wednesday. The deal increases Mr. Ofer’s ownership in Atlético to 32%. Full article

14 February 2018 - China's Ogawa sets up Israel investment fund. Chinese health and quality of life company Ogawa has founded a $10 million fund for investing in health and quality of life products, with a focus on investments in Israel. The fund was established through Comfort Group, a Hong Kong-based subsidiary of Ogawa, in cooperation with Chinese investment group RJ Group. Ogawa is also planning on establishing an innovation center in Israel. Full article

13 February 2018 - Peking University Medical working with top Israeli companies in the name of globalization. PKU Medical entered into a strategic cooperation agreement with Trendlines Group and Rainbow Medical Group. PKU will use this cooperation to further transform itself from a traditional industrial park to an innovation incubator, help international experience of Chinese-style innovation docking and explore the international innovation path of PKU. Full article (Chinese)

13 February 2018 - Shenzhen Kaifa to invest $5m in UG-Technion Fund. Shenzhen Kaifa Technology Co Ltd has announced a $5 million investment in UG-Technion Technology Fund LP. The fund was established in October 2017 by Technion Research and Development Foundation and UG Capital Management Limited. Its target is $200 million, focusing on new materials, cleantech, Internet technology, and biosciences/medical devices.  Full article (Chinese)

12 February 2018 - Chinese bike-sharing co Ofo opens in Israel. After a successful pilot scheme at Bar-Ilan University, Chinese bicycle sharing company Ofo has opened a representative office in Israel, and appointed Imri Galai as general manager of the Israeli branch, the company announced today. Full article

12 February 2018 - China updates 'sensitive sectors' for outbound investment. Effective from March 1, investment in overseas projects of telecoms operation, massive land development, and electric mains and power grids are no longer considered sensitive, however the arms industry was added to the list.  Full article

7 February 2018 - China's Ping An Ventures to Raise Up to $1.3 Billion for Healthcare Investments. The new funds will deepen the group's push into the healthcare sector and build up its firepower for later-stage investments, at a time when valuations in the fast-growing tech and healthcare industries have spiked. The firm aims to raise $300 to $500 million in a dollar-denominated fund and RMB 4 billion to 5 billion ($640 million-$800 million) in an RMB fund. They would primarily invest in healthcare start-ups at home and overseas. Full article

7 February 2018 - Alibaba Partners with SQream to Supply a Cloud Database in China. As part of the partnership, Alibaba will market the database to its Chinese cloud customers. Alibaba has also agreed to invest up to $20 million in SQream, according to one person familiar with the agreement who spoke on conditions of anonymity. Full article

6 February 2018 - Roots signs $19m Chinese agritech deal. Agrotech company Roots Sustainable Agricultural Technologies Ltd. (ASX:ROO) has signed a distribution contract with Dagan in China likely to amount to $19 million over five years. The company develops and markets a system that makes it possible to heat and cool crop roots, while consuming very little energy. Full article

5 February 2018 - Fosun establishes tech innovation center, plans minimum RMB 20 billion investments. Headquartered in Shanghai, the center plans a second headquarters in Silicon valley and in coming years will set up R&D centers in Shenzhen, Beijing, Israel, Germany, Britain, India, and Southeast Asia. In the next three years Fosun will invest at least RMB 20 billion in technological innovation and R&D, focusing on IoT, artificial intelligence, big data, blockchain, robotics, new materials, new energy and other fields. Full article (Chinese)

31 January 2018 - Insightech Closes $150M Series E Financing. GEOC backed Insightech plans to use proceeds to support marketing and commercialization for its approved safe and non-invasive treatments, including Exablate® Neuro for essential tremor (ET), and for continuing research and development towards addressing other brain indications including Parkinson’s disease, Alzheimer’s disease, and cancer. Full article

31 January 2018 - Alibaba’s Jack Ma Plans May Visit to Israel. Jack Ma plans to visit Israel in May to meet with local venture capital funds and startups, according to anonymous sources familiar with the matter. On May 3, Mr. Ma will be awarded an honorary doctorate from Tel Aviv University. Full article

31 January 2018 - Shanghai listed Luenmei Quantum to invest $36m in Mantis Vision. Luenmei Quantum will become the largest shareholder in Mantis Vision with 17.35% holding. Luenmei joins existing investors Qualcomm, Flextronics, Samsung, Sunny Optical Technology, and others.  Full article (Chinese)

30 January 2018 - Playtika takeover delayed by Chinese authorities. The $4.8bn (€3.9bn) purchase of Playtika, agreed in 2016 between the social gaming developer’s owner and a Chinese consortium including Alibaba’s Jack Ma, has hit a regulatory hurdle due to China’s clampdown on foreign acquisitions, according to a report in the Wall Street Journal. Reportedly, it is felt that Playtika’s social games promote gambling, which is illegal across all of China apart from Macau. Full article

30 January 2018 - Chengdu - Israel Science and Technology Innovation Center Established. Israel BP & C Group, Sichuan Zhongsheng Group and Chengdu Hi-tech Zone signed an agreement to establish Chengdu-Israel Scientific and Technological Innovation Center in Chengdu’s Hi-tech Zone in partnership with the Haifa Life Science and Technology Park. Operations will focus on biomed R&D, smart healthcare and big data applications among other fields. The center will launch a RMB 500 million fund for innovation and investment. Full article (Chinese)

30 January 2018 - ZZ Capital International Ltd scales back operations in light of outbound restrictions. The retreat is the latest sign that China’s business elite see little hope of a reversal in President Xi Jinping’s crackdown on outbound dealmaking. “Steps have been taken to make a number of redundancies in the Hong Kong office, but these will have no impact on daily operations,” said a representative for ZZ Capital International, which has offices in the UK, US and Israel. Full article

29 January 2018 - Newly formed Playtika Growth Investments announces $400 million Israel-focused fund. Playtika Growth will target companies that are already profitable or near breakeven and have proven business models and products. “Understanding how to manage a global business with sophisticated multinational partners is part of the skillset required for Israel to build world-leading companies and not just innovative startups; we now offer that knowledge," said CEO Robert Antokol, referring to Playtika’s Chinese ownership. Full article

29 January 2018 - China’s healthcare-focused PE firm C-Bridge raising $650m third fund. This will be C-Bridge’s largest vehicle and like its previous funds, will focus on late-stage companies in biotechnology, pharmaceuticals, medical devices and healthcare. C-Bridge focuses investments in China, Israel and the U.S. Full article

29 January 2018 - Telehealth Company Tyto Care Raises $25 Million led by Ping An. The round was led by Ping An Global Voyager Fund, which joined existing investors including Fosun. As part of this funding, Ping An and Tyto Care will form a strategic partnership to implement Tyto into Ping An's offerings in the Chinese market. Tyto Care also has the option to expand funding to $28 million in the next few months.  Full article

24 January 2018 - Alibaba invests in Nexar's $30m financing round. Israeli smart dashcam developer Nexar today completed a $30 million financing round. Investors in the round included Alibaba and Nationwide Insurance, which are likely to open doors in East Asian markets and the insurance market. Nexar says that since its app was launched in 2016, users in 740 cities in 160 countries have driven more than 160 million kilometers with it. Full article

24 January 2018 - Alipay comes to Israel via Israel Credit Card and OneBill. The companies will be cooperating to facilitate payments for Chinese visitors to Israel. Diamond Mines, Caprice, Ahava cosmetics and others are among the first businesses in the Middle East to offer in-store payments with Alipay’s digital wallet. El-Al and James Richardson Duty Free chain stores will soon follow. Full article

16 January 2018 - InfinityAR and Nanjing Ruiyue Technology (Nibiru) Announce a Strategic Collaboration Agreement. The collaboration is designed to provide a comprehensive solution for electronics manufacturers looking to enter the augmented / mixed reality glasses. It will bring together technology from both companies, making the mixed reality headsets both light and affordable, while providing immersive user experience. Full article

23 January 2018 - Harbin and Israel sign to build agricultural industrial park. During the 2018 China (Harbin) - Israel Modern Agriculture Summit Forum, the Chinese city and the Israel Ministry of Economy and Industry signed to cooperate in building an agricultural industrial park which will cover an area of 3.32 million square meters with a total planned investment of RMB 5.6 billion. Full article (Chinese)

21 January 2018 - Dell to Distribute Augmented Reality Headset by Meta. Israeli-founded Meta is releasing commercial product Meta 2, to be distributed by Dell. In 2015, Meta announced a $23 million Series A funding round led by Hong Kong-based Horizons Ventures Ltd. The following year, it raised $50 million in venture funding from Lenovo and Tencent Holdings, among others. Full article

17 January 2018 - China, Israel launch Xiamen incubator to promote technology cooperation. Located in Xiamen's Software Park, the center has established ties with more than 200 high-tech companies, research institutions and incubators in Israel, in areas such as artificial intelligence, health care and clean energy, and will provide services to Chinese companies keen to apply Israel's advanced technologies to their innovation projects. Full article

17 January 2018 - More future China-Israel transport infrastructure cooperation. On the occasion of the Tel Aviv-Jerusalem rapid rail transit test drive, Israel's Transport Minister Israel Katz said Israel and China have signed and MOU for transport infrastructure projects. It is expected that medium-sized Chinese enterprises will have more opportunities to cooperate in Israeli projects involving railways, light railways, ports and aviation. Full article (Chinese)

15 January 2018 - Rushan (Shandong) Economic Development Zone includes Israel in 2018 plans. Leveraging the China-Israel Blue Economy Center and the China-Israel Technology Industry Investment and Guidance Fund, more than 10 high-tech projects will be screened and promoted for investment and technology transfer. Full article (Chinese)

15 January 2018 - Adama raises $240 million in China. The recently combined Adama Agricultural Solutions Ltd. and Hubei Sanonda Ltd have raised $240 million in a non-public A-share offering. Investors include China Cinda Asset Management Co., Ltd., China Huarong Asset Management Co., Ltd. (through CCB Fund Management Co., Ltd. ) , Penghua Fund Management Co., Ltd, Chinese State-Owned Enterprise Restructuring Fund Ltd, and Xingquan Fund Management Limited. Full article (Chinese)

11 January 2018 - Hubei Fubon acquires 10% stake in Saturas. Hubei Fubon announced a share subscription agreement for 10.79% ownership in the Israeli irrigation company valued at $1.5 million. With the agreement Fubon has preferential cooperation rights in the Chinese market for Saturas’s technology and will assist Saturas Israel in conducting scientific experiments and commercialization of water-saving irrigation and smart agriculture in China.  Full article (Chinese)

11 January 2018 - Gal Gadot Is Huawei’s New CEO—Chief Experience Officer. Ms. Gadot will join Huawei’s marketing efforts as the company introduces its Mate10 Pro mobile phone to U.S. market. In 2015 and 2016, Ms. Gadot was featured in ad campaigns for Huawei phones in Israel. Full article

11 January 2018 - 123,000 Chinese visited Israel in 2017. According to statistics released by Israel’s Central Bureau of Statistics, the number of Chinese tourists visiting Israel for the first time in 2017 exceeded 100,000, reaching 123,000 - an increase of 45% from 2016. To meet growing transportation needs, plans are in place to open a new direct route between China and Israel this year. Full article (Chinese)

9 January 2018 - Intel, Mobileye Partner with Chinese Automaker SAIC on Self-Driving Cars. As part of the collaboration, SAIC will develop autonomous vehicles based on Mobileye's technology in China. Full article

9 January 2018 - Israel’s Kenon, China’s Chery sell control in car maker for $1 billion. A China-based investor related to the Baoneng group has bought a 51% stake in Qoros, bringing Kenon’s holding down to 24% and Chery’s stake to 25%, from 50% each. Kenon shares jumped 30% upon release of the news. Full article

9 January 2018 - ElliQ has raised $22 million for its social robot aimed at older adults. The latest round for the two-year-old startup was a $20 million Series A whose rather large group of investors included Glory Ventures. Full article

8 January 2018 - Dotz Nano clinches US$15M agreement to sell graphene quantum dots into China. The company’s 100%-owned subsidiary Dotz Nano (Israel) secured the contract which will generate at least US$2.5 million this year. Pending product specification approvals, China Israel (hengqin) Science Technology Innovation Centre, also known as CisticPoly, will distribute the graphene quantum dots into China. Full article

8 January 2018 - China to Push Ten FTAs ​​in 2018. According to MofCOM’s recently released "2016 China Free Trade Zone Development Report", the Ministry will promote ten new Free Trade Agreements in 2018, including with Israel. To date, China has signed 16 free trade agreements involving 24 countries and regions. Full article (Chinese)

25 December 2017 - Merck, China’s WuXi AppTec to Launch Biotech Incubator in Israel. Shanghai-based pharmaceutical company WuXi AppTec Group is partnering with Merck Serono, a subsidiary of company Merck KGaA, to launch a pharma and biotech startup incubator in Israel in early 2018. Israel-born businessman Mori Arkin and life sciences-focused venture capital fund Pontifax Ltd. will also be part of the venture, named “Explore Bio”. Full article

21 December 2017 - China’s Baoneng to Invest $1 billion for a Controlling Stake in Car Maker Qoros. Kenon had announced the potential investment in June without disclosing the identity of the investor. Kenon and Chery have committed to reinvesting “substantially all of the proceeds” from Baoneng back into Qoros. Full article

19 December 2017 - Li Ka-Shing and son attend Guangdong Israel Institute of Technology inauguration. Five years ago, Li Ka-Shing donated $130 million to establish Technion’s partner school in China. A year ago, the Chinese Ministry of Education approved the formal establishment of GTIIT. Today, a modern campus has been established and the first batch of students have enrolled. Full article (Chinese)

17 December 2017 - Zhongbao Hua’an joins with Maritime Seagulls Security to open up the Israeli market. The joint venture established by both parties will ensure the safety of Chinese citizens in three major ways: opening overseas safety service hotlines, launching WeChat public phone number and providing paid services to enterprises. Full article (Chinese)

14 December 2017 - Sinofert signed a strategic cooperation agreement with Israel's Gat Fertilizer Company. Under the agreement, from 2018, "GATIT" brand products will be exclusively distributed by Sinofert in China. At the same time, both parties will conduct in-depth cooperation in industrial upgrading, introduction of new technologies, product development and technology promotion to jointly promote fertilizer efficiency and agricultural sustainable development. Full article (Chinese)

14 December 2017 - China’s Oppo Invests in Startup that Turns Any Earphone into a Sonar Device. Israel-based Bugatone develops software that enables headphones to act as sensors and pick up biometric information from users. Bugatone said it is in contact with several mobile phone makers about introducing the software into their products. Full article

13 December 2017 - Israeli comedians visit Chengdu and its pandas; and a CTU-TLV route is in the works. Chengdu’s Chenghua District and the Consulate General of Israel in Chengdu cooperate to recruit international volunteers and conduct Giant Panda volunteer activities at the Giant Panda Breeding Research Base to promote the giant panda culture brand to the world. This was also a good time to announce plans that Chengdu-Tel Aviv direct flights are expected to begin next year. Full article (Chinese)

9 December 2017 - The Trump Effect: China's Singulato and Tencent cancel visits to Israel. High-tech delegations from Japan and China canceled trips to Israel following U.S. President Donald Trump's recognition of Jerusalem as Israel's capital. The Chinese Embassy in Tel Aviv has issued a formal travel warning, valid until January 10, 2018. China is concerned about the security situation following Trump's announcement, and expects the conflict to impact its investment programs in Israel. Full article

5 December 2017 - China to rein in infrastructure building binge, analysts predict. China’s frenzied construction of roads, bridges and subway systems is set for a major slowdown, adding a headwind to economic growth in 2018. The slowdown comes as the authorities try to curb massive levels of debt in the economy.  Full article

5 December 2017 - Payoneer Announces Strategic Investment by China Broadband Capital. With the Series E-1 funding (of an undisclosed amount), CBC now joins Ping An as China-based investors in Payoneer. The funding will be used to further strengthen Payoneer's global platform and accelerate investment in the company's local China operations. Full article

4 December 2017 - Israeli Technology Boards Chinese Buses. Israel's auto-tech industry is buzzing as Mobileye is installed in Chinese buses, auto-tech startups close large financing rounds and carmakers open offices in Israel. Full article

4 December 2017 - Bank of China Partners with Israeli Bank to Extend Credit to Israeli Companies. The Bank partnered with Israel’s Bank Leumi, one of the two largest banks in Israel. According to the deal, the two banks will collaborate to extend credit up to $200 million to Israeli companies operating in China. Full article / More details in Hebrew

2 December 2017 - Israeli irrigation technology saves Taizhou around 20% water. Anhui Longkun Internet of Things Co., Ltd. and Israel's AWL jointly launched a new system applying IoT, cloud computing, data analysis and forecasting capabilities to agricultural enterprises in order to achieve precise management and cost reduction. The technology enables accurate and real-time monitoring of crops in order to automate decisions to provide proper irrigation, increasing crop yields by more than 5% and saving on average 20% of water. Full article (Chinese)

2 December 2017 - China, Israel complete 3rd round of FTA negotiations. The third round of negotiation on China-Israel Free Trade Area (FTA) concluded last Thursday according to reports. The two sides discussed boosting cooperation in fields including trade, technology and e-commerce, as well as customs procedures, as well as sanitary and phytosanitary measures. Full article

30 November 2017 - Alibaba reported to buy Visualead, in first Israel acquisition. Chinese commerce giant Alibaba is in the final stages of acquiring Israeli startup Visualead ($15 million), which will reportedly turn into the company’s Israel-based development center in the field of computerized vision. Full article

30 November 2017 - Aurora Labs Raises $2.7M in Seed Funding. Investors include Sino-Israel VC firm MizMaa. Aurora Labs develops a self-healing platform for connected cars to reduce software recalls. Full article

29 November 2017 - Vive announces 3rd batch of companies for accelerator program; expands operations to Tel Aviv. HTC’s $100 million Vive X Accelerator announced the selection of 26 companies to participate in its upcoming program with the goal of building and advancing the global VR/AR ecosystem. Two of the companies are from Israel: Astral Vision and Remmersive. Full article
28 November 2017 - Israeli AgTech cooperation in Jilin Province. Reported as a “win-win” and complementary cooperation, Israel and Jilin Province will exchange market share and technology. Jilin Province has already conducted in-depth exchanges with Israel in seed cultivation, greenhouses and greenhouse technologies.  Full article (Chinese)

28 November 2017 - Israeli private funding regs to include crowdfunding. The Knesset has recently amended Israeli regulation which currently allows private companies to finance through banks or institutional investors, venture funds, angel investors or through groups of up to 35 trusted investors. With the changes, private companies will be able to issue fixed-income bonds to the public through crowdfunding platforms, exposing companies to a wider pool of investors. Full article (Chinese)

28 November 2017 - China's NIO Capital eyes $500 million dollar fund for auto investments. NIO Capital, a Tencent-backed investment firm founded by leading Chinese electric vehicle maker NIO, is reportedly in talks with prospective investors to raise up to $500 million in a USD auto focused fund. The fund will target foreign tech start-ups and Chinese firms using overseas structures such as VIEs. Full article

28 November 2017 - 10 Israel startups chosen for Beijing accelerator. The new six month Israel-China accelerator program in Beijing is led by Israel's Ministry of Economy and Industry in cooperation with China's Shengjing Group and DayDayUp. The startups chosen are Anzu, Social internet, TechsoMed, I know first, TapReason, Modcon, Gencell, Personalics, Pom Vom, and Watteam. Full article

27 November 2017 - After delays: First 100 Chinese construction workers arrive in Israel. The agreement signed between the countries seven months ago confirms the arrival of some 6,000 workers in the field of plaster and concrete work, but so far the Chinese Embassy has approved only 1,697 of them. Full article

27 November 2017 - China Cultural Center opens in Israel to boost exchange, mutual understanding. The center sits in Tel Aviv's business district and covers a total area of about 1,000 sq meters, with a multi-purpose hall, training rooms, a library and an audio-visual area. It will host events like art performances, cultural exhibitions, academic seminars and other activities. Full article

26 November 2017 - Sirius exercising option to buy control of Phoenix. Delek announced that Sirius had decided to exercise its call option for buying the remaining 47% in Phoenix owned by Delek Group for NIS 2.3 billion. Despite the progress made in the deal for the sale of a controlling interest in Phoenix, Sirius still faces its main obstacle – obtaining a permit from the Capital Market Authority to hold a controlling interest in Phoenix. Full article

26 November 2017 - Why Israel is the new promised land for Chinese investors. Several investors and deals professionals give their insight on the China-Israel deals channel. Full article

23 November 2017 - Chinese Electronics Company TCL Partners With Israeli Connected Kitchen Startup Freshub. As part of the partnership, Freshub’s IoT-enabled smart kitchen technology has been integrated into TCL’s Xess mini tablet, a 15.6 inch Android device designed to be used as a kitchen assistant. The company has partnered with supermarket chains Peapod, Shipt, and Woodman’s Markets. Freshub’s technology is available in the U.S. and Europe. Full article

23 November 2017 - Israel-Anhui AgTech cooperation continues. By March of next year, it is expected that more Israeli agricultural science and technology projects will come to Anhui. In September 2017, Israel's agricultural departments and enterprises will organize delegations to participate in Anhui’s agricultural fair. In 2011, Anhui and Israel's Ministry of Agriculture signed an agricultural cooperation; in 2014, the "Anhui-Israel Cooperation Alliance" was established as a cooperation platform; in 2015, Anhui organized 11 enterprises to participate in the 19th International High-Tech Agricultural Expo; and this year, nine Israeli high-tech agricultural enterprises participated in the Hefei Agricultural Fair. In personnel exchanges, Anhui has sent more than 70 agricultural workers to Israel to study modern agriculture. Full article (Chinese)

21 November 2017 - Kanghong Pharma signs acquisition agreement with IOPtima. The acquisition will happen in four stages, eventually buying out all of IOPtima's shareholders for around $56 million (XL Vision Sciences Ltd., Beijing Infinity Innovation Investment Centre L.P., Dalian Sino-Israel Biomedical Investment Centre L.P., and Taiwan based Diamond Biofund Inc.) The first phase will be a $7 million investment for 19% holding in IOPtima. Kanghang Disclosure (Chinese), Full article

20 November 2017 - 6th High-tech Investment Summit held in Haifa. This year’s summit reportedly saw some 200 attendees from China and Israel. Among subjects discussed was cooperation within more sectors, expanded from agriculture, medicine and biology to leading-edge sectors such as life science, smart city, aging tech, robotics and 3D printing.  Full article

19 November 2017 - In a co-production documentary "Made in China" ratings hit a record high in Israel. In light of Israel and China’s 25th anniversary of diplomatic relations, ZDF Israel and China Radio International co-produced a 5-part documentary to show the “real” China, full of innovation and not just factories anymore. Full article (Chinese)

17 November 2017 - 14th Jiangsu-Israel R&D joint projects kicks off. Both the Israeli and Jiangsu governments are accepting applications in all tech sectors to partner in R&D projects. Full article (Israeli side), Full article (Chinese side)

16 November 2017 - The China-Israel Accelerator project advances. In July this year, China and Israel signed the China-Israel Accelerator project. Next week DayDayUp Founder and CEO Bo Yi Qun will go to Israel to participate in the selection of companies that will be inducted in the program. Five Israeli AI application start-ups will come to China and participate in a 6-month accelerator, including setting up at DayDayUp. The aim is to bring the startups from a point of no experience in China to a point of being able to develop independently in China, within the six months. Full article (Chinese)

16 November 2017 - 21-year-old uses bar mitzva money to launch OlehPay, now eyed by a Chinese investor. Joseph Sokol used the money he received as bar mitzva gifts to back OlehPay, a website that enables users to inexpensively send money from the US to Israel. The firm may have nabbed the attention of a Chinese billionaire who recently heard its investor pitch and said he’d like to invest in the firm, Sokol said. Negotiations are underway for a $200,000 investment, but for now Sokol is not releasing the identity of the Chinese potential investor. Full article

16 November 2017 - China outbound investment down nearly 41% in 2017. Following last year’s clampdown, in August of this year China’s cabinet formalised a new framework that encourages deals that fit Beijing’s strategic priorities and discourages deals in entertainment, sports and luxury real estate. In early November the government further tightened controls over outbound investment by requiring regulatory approval for some foreign acquisitions conducted through an offshore entity. Full article

16 November 2017 - China puts its stamp on international deals. Beijing wants a bigger say on mergers, including those outside its own jurisdiction. An expert states, “The purpose of a merger review [by Mofcom] is to assess how [a deal] accords with domestic economic interest.” For example, on November 7 this year, Mofcom approved a $25B merger between two fertiliser companies, but ordered them to divest themselves of interests in Chile and Israel. Legal advisers say Mofcom’s focus on industrial policy means multinationals should consider tailoring merger filings to the Chinese market. Full article

15 November 2017 - Submissions open for 2018 Israel-China Scientific Cooperation. Continuing an MOU signed in 2007, the Natural Science Foundation of China (NSFC) and the Israel Science Foundation (ISF) have launched submissions for application for the cooperative’s 2018 collaborative research project. ISF (Hebrew) and NSFC (Chinese)

15 November 2017 - Tax authority sets out new ruling for Israelis who relocate abroad. The tax authority has issued a new ruling meant to ease taxation procedures for Israelis relocating abroad, though a tax expert says the new framework is still very strict compared to how existing Israeli law could be interpreted. Full article

15 November 2017 - Israel Tax Authority Clamping Down on Offshore Accounts. Hong Kong has become the tax haven of choice for many Israelis with offshore assets. Now, the Israel Tax Authority is seeking to implement an information exchange with the Chinese territory. Full article

15 November 2017 - Chinese Retail Chain XIMI Vogue now in Israel. The chain markets household appliances, bags, digital gadgets, kitchen products, mobile phones, toys, jewelry, stationery and dolls, and is expected to open 7 stores by the end of 2018. The franchise was brought to Israel by brothers Lior and Asher Matityahu, importers of toys and office equipment from China. Shareholding will be split 50/50 between the Mitityahus and the Chinese company. Full article (Hebrew)

14 November 2017 - Chinese Company Launches Startup Accelerator in Israel. A Chinese government-backed startup accelerator is launching an offshoot in Haifa next week. The goal of Chengdu-Israel Incubator will be to facilitate business ties between Israeli tech entrepreneurs and companies clustered in the city of Chengdu in western China, said Tami Kfir who is heading the initiative. Full article

14 November 2017 - 15 Israeli Companies Attend China Roadshow. Fifteen Israeli companies were selected from 160 applicants for the annual Israel Innovation Authority/Chinese Ministry of Science and Technology roadshow in China. only 15 were selected out of 40 by a Chinese investors’ delegation in a preliminary pitching event held in Israel in July 2017 by the Israeli Innovation Authority. The companies participated in pitching competitions in Changzhou and Beijing, presenting their products and technologies to investors like Fuson, PingAn Ventures, Go Capital, and San Power. Full article

13 November 2017 - Carasso Real Estate signs first agreement with Chinese contractor. Beijing Construction Engineering Group (BCEG) will build 129 housing units and an underground parking lot in Kiryat Ono. While, commercially, the deal appears to be a win-win, there are social worries around Israeli construction jobs.  Full article

10 November 2017 - Roboteam’s Temi debuted in China. Roboteam CEO Yossi Wolf and investor Wu Jiong (former Alibaba CTO) presented the home robot to a Chinese audience elaborating on technical features and potential future collaboration with Baidu. Full article (Chinese)

10 November 2017 - China pledges to open finance sector to more foreign ownership. China has announced plans to ease limits on foreign ownership of financial services groups, following years of complaints that such restrictions block foreign groups’ development in the country. The government will relax or eliminate ownership limits in commercial banking, securities, futures, asset management and insurance.  Full article

10 November 2017 - CRCC joins Tevel Consortium on the Tel Aviv Light Rail Red Line. China Railway Construction Corp (CRCC) has signed an agreement with China Civil Engineering Construction Corporation (CCECC), Shenzhen Metro Group and Egged Bus Company for an operation and management agreement of the Tel Aviv Light Rail Red Line. Globes reported last August that the consortium, consisting then of Egged (51%), Shenzhen Metro (30%) and CCECC (19%) won the bid to operate and maintain the line, pending anti-trust approval. Changes in partnership percentages were not disclosed in this most recent news. ( Full article (Chinese)

8 November 2017 - Fosun Leads $30 Million Round for Heart Valve Company MitrAssist. Ping An Insurance Company of China Ltd. also participated in the round. MitrAssist received $16 million of the investment according to a pre-closing company valuation of $80 million. The company will receive an additional $14 million according to a pre-closing valuation of $136 million when it begins clinical trials, expected within a year. Full article

7 November 2017 - Baidu sets out to hunt technology in Israel. Baidu plans to set up a $200 million (or more) global fund in 2018 and will for investment in Silicon Valley, Israel and Europe. Baidu is interested in both start-ups and mature companies, in AI, computer vision, voice recognition, cyber protection, sensors, chips for the automotive industry, etc. Full article (Hebrew)

7 November 2017 - China and Israel sign AEO customs agreement. After three years of negotiations China and Israel have signed an AEO agreement to facilitate import/export customs procedures between the two countries. Full article

7 November 2017 - Israeli experts help Fujian aquaculture restructuring and upgrading. According to reports, the training course invited Dr. Berjino Issek and Margarita Smirnova of Mashaff International Training Center of Ministry of Foreign Affairs of Israel to teach about the health of aquaculture fish and the prevention and control of fish diseases; water Resource conservation, management and sustainable use and other issues. Lin Yueling, vice mayor of Ningde City, said training and exchange will effectively promote the transformation and upgrading of Ningde aquaculture industry. Full article (Chinese)

3 November 2017 - China issues draft guidelines on overseas investment amid crackdown on deals. The guidelines streamline approval processes for deals while raising oversight for projects in sensitive sectors and countries, the government said. Sensitive projects include those in countries that are at war, that do not have diplomatic ties with China or where investment is restricted by China’s commitments to international treaties, resolutions or requirements. Sensitive secotrs include media organisations, weapons manufacturing, companies involved in multinational water resources exploitation or those where China’s national macro policies restrict investment. Full article

2 November 2017 - Sirius submits official request to buy Phoenix. The Chinese company has already acquired a 4.9% stake in the insurance company from Delek for NIS 208 million. Sirius has submitted an official request to Israel's Capital Market, Insurance and Savings Authority ahead of the timetable set out in its agreement with Delek. Full article

2 November 2017 - Teva and Guangzhou Pharma may be joining forces in China. In a Bloomberg interview, Guangzhou Pharmaceutical Holdings Ltd Chairman Li Chuyuan stated that Guangzhou Pharma is currently in talks with many international companies for possible partnerships, including being “very close to sealing a joint venture deal with Teva”. Teva said they currently do not have a JV agreement in China but did not state whether or not the companies are in talks.  Full article

2 November 2017 - Looking east, Israel may allow more stock exchange dual listings. The Israel Securities Authority (ISA) has drafted an amendment to add Hong Kong, Singapore and Toronto to its list of recognized exchanges, which is currently limited to markets in the United States and London. The move follows a push to strengthen economic ties with Asian countries and mirrors a recent Hong Kong stock exchange decision to accept Israeli companies. Full article

1 November 2017 - Israel's Ceva Q3 profit, revenue exceed estimates. Israeli chip designer Ceva reported on Wednesday higher profit and revenue in the third quarter, beating analysts' expectations, as it forged two new license agreements in China and three in the Asia-Pacific region. Full article

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