Chinese investors pour money into Israeli startups

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.