|
Trending Topics
|
Israeli Tech Startups Attract Chinese Investors
(Wall Street Journal) Orr Hirschauge - 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. Over the next two years, China is expected to surpass the U.S. as Israel's biggest collaborator in the number of joint government-backed development projects, said Avi Luvton, executive director for the Asia Pacific region at the Israeli Industry Center for R&D. Israel's National Economic Council expects tech deals between Chinese and Israeli firms to total $300 million this year alone, up $50 million from 2013.