Pod Save America Hosts Call on Democrats to Cut All Israel Military Aid, No Longer Accept AIPAC Funding
Jews, Israelis Targeted in Austria Amid Surge in Antisemitic Incidents; Local Jewish Community Calls for Action
‘All of Our Strength’: Over 1,000 Pro-Israel Activists Gather in DC for Solidarity Conference
‘Devastated’: Wesley LePatner, Killed in Manhattan Mass Shooting, Was a Jewish Communal, Philanthropic Leader
Sen. Angus King Vows to No Longer Vote for Israel Military Aid Until Gaza Conditions Improve
Europe Won’t Pressure Israel to ‘Commit Suicide’ Amid Gaza Backlash, Palestinian State Push, Says Israeli FM
Israel’s National Soccer Coach Attacked in Athens Before Soccer Fans Chant ‘F–K Israel, Free Palestine’ at Match
New York Judge Sentences Neo-Nazi to 5 Years for Livestreaming Bomb Threats Against Jewish Hospitals
US Pressures Lebanon to Issue Cabinet Decision to Disarm Hezbollah Before Talks Continue
UK Plans to Recognize Palestinian State in September Unless Israel Meets Conditions, Starmer Says
Major Chinese Conglomerate to Open Tech Incubator in Israel
Error: Contact form not found.
by Zach Pontz
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.
