JTA NEWS
23 September 2018 - 14 Tishri 5779 - י"ד תשרי ה' אלפים תשע"ט
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Business
4th China-Israel Investment Summit held in Zhuhai E-mail

With support of the Chinese and Israeli government agencies, the International Cooperation Center of the National Development and Reform Commission of China and the Zhuhai municipal government recently hosted the 4th China-Israel Investment Summit in Zhuhai on 2-3 July.

The annual summit is co-organised by Zhuhai Huafa Group and Israel-based Infinity Group. The China-Israel Investment Summit is the largest national dedicated technological innovation investment event between the two countries. As in previous years over 2,000 companies and more than 6000 visitors from the two countries participate.

Last year, agreements for 14 Sino-Israeli co-operation projects were signed and 2,653 discussions took place between companies, resulting in the signing of over 1,000 letters of intent valued at billions of US dollars. The summit drew widespread attention from the business communities in both countries.

This year’s edition, with a theme of “Cooperating on innovation, and intelligently creating a bright future for the Guangdong-Hong Kong-Macao Greater Bay Area”, invited influential guests from China’s and Israel’s political, academic and business circles, as well as more than 2,000 guests, who gathered to share their wisdom and discuss important topics including Sino-Israeli co-operation on technological innovation and furthering development in the Guangdong-Hong Kong-Macao Greater Bay Area under the “One Belt, One Road” initiative.

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Intel signs MoU with Consulate of Israel in India to boost innovation E-mail

Intel India has announced a partnership with the Consulate of Israel in India to boost innovation by connecting the startup and technology communities in both states.

The Memorandum of Understanding (MoU) was signed on 25 May between Nivruti Rai, Country Head – Intel India, and Dana Kursh, Consul General of Israel to South India.

With this collaboration, Intel India will offer the capabilities of Intel India Maker Lab (its in-house hardware/systems-based startups accelerator in India) to Israeli startups to support the development of products and solutions. In addition, it will provide mentorship, advising the Israeli startups about the requirements of the Indian market and connecting them to opportunities to test and deploy solutions in the Indian market.

In turn, people in the Israeli technology ecosystem, who have strong business acumen, specifically with regard to new usage models and future technologies, will make their knowledge and technical capabilities available to people in the Indian startup ecosystem. This will be accomplished through training and workshops.

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Innoviz Technologies gains China partner to develop its automaker solutions E-mail

Israel-based Innoviz Technologies, a leading provider of remote-sensing solutions for the automarket, announced a partnership to bring its LiDAR (Light Detection and Ranging) and computer vision technology to Chinese automakers through HiRain’s sales channels in the country.

This will enable Chinese OEM’s to access the automotive industry’s most comprehensive mass-market LiDAR solution, as an integrated component of their overall autonomous driving systems. In addition, Innoviz’s advanced solution provides a complete computer vision software stack and algorithms to turn 3D vision into critical driving insights.

Innoviz’s LiDAR system enables autonomous vehicles to sense their surroundings with unparalleled clarity and accuracy, even at long distances, in varying weather and light conditions and in multi-LiDAR environments.

“China is helping lead the way towards the autonomous vehicle future, and HiRain is one of the most influential companies in the Chinese automotive industry. Last year, around 26 million vehicles were manufactured in China, making it by far the largest automotive manufacturing country in the world,” said Omer Keilaf, CEO of Innoviz. “The HiRain team has extensive experience with driver assistance and autonomous driving systems in China and we are honoured to partner with them. Together, we will help Chinese auto manufacturers achieve the standards they demand for safe and reliable LiDAR sensors, at the price point they desire.”

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Second GoforIsrael conference held in China E-mail

More than 100 Israeli startup founders and entrepreneurs met with hundreds of Chinese investors at the GoForIsrael Conference in the Chinese city of Foshan on 31 May.

“More than 800 one-onone meetings were held between Chinese investors and Israeli companies, which continued well after the conference ended,” said Haggai Ravid, CEO of Cukierman & Co. Investment House, one of the sponsors of the event. “All the Israeli companies have received a great deal of interest.”

The Israeli companies pitching themselves specialise in fields such as artificial intelligence, the “Internet of Things,” life sciences, cybersecurity and autonomous driving technologies.

“I was surprised by the amount of investors and their interest in Israeli technology... [for] our penetration into the Chinese market,” said Meron Leibovich, who runs global sales for Real Imaging, an Israeli startup developing tools for the early detection of breast cancer.

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Jack Ma gets the red-carpet treatment in Israel E-mail

Alibaba CEO Jack Ma made an official trip to Israel in early May, along with well over 30 senior managers from his Alibaba Group and many Chinese CEOs. Alibaba is China’s top e-commerce firm, and Jack Ma is one of the richest men in the world.

As part of the three-day visit, the group met with many Israeli startups and made landmark visits to sites such as the Western Wall. Jack Ma also met Israel’s Prime Minister Benjamin Netanyahu. Ma said he was impressed with the business opportunities in Israel. “We will do more things here,” he said, calling the country “inspirational”.

Ma, often described as China’s most successful CEO, referred to similarities between the journey his company has made over the past 19 years and the journey the State of Israel has made.

Netanyahu greeted Ma by saying, “It’s wonderful to welcome you to Israel... you are a very successful leader in a very competitive business, and in a very competitive world. The world belongs to those who innovate, and Israel is the nation of innovation.” This was the third time that Netanyahu and Ma had met. They met previously during the prime minister’s visit to Davos in January 2016 and during Netanyahu’s visit to China in March 2017. During these meetings, Netanyahu invited Ma to visit Israel.

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