Chinese investors pour money into Israeli startups
Technology investment from China is growing 50% annually: research centre
Jerusalem
IT was standing room only at Tel Aviv's Mad Men-inspired Zou Bisou Bar on Nov 17. Representatives from more than 150 Israeli tech startups drank wine and beer, munched finger food and jostled to get a business card into the hands of an investment team from Alibaba Holding Group Ltd.
Chinese investors are a common sight in Israel these days. Companies like Alibaba and Baidu Inc are looking for promising innovations that will help them compete globally, while a host of angel investors are hoping to get in early enough to profit from promising startups.
For Israeli tech firms it's an opportunity to tap a huge market and a new pool of investors. In a typical deal,…
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