11 December 2018 - 4 Tevet 5779 - ד' טבת ה' אלפים תשע"ט
Game-changing Israeli technologies boost business in Hong Kong and China E-mail

Two recent networking events, one in Hong Kong on 18 January and one in Beijing on 19 January, focused on how game-changing and disruptive technology companies from Israel can help strengthen Hong Kong’s position as an international business centre, and how the companies’ technologies can strengthen the quality of life in Hong Kong and China.

The events were organised by China Israel Synergy Holdings (CISH) and Deloitte. Speaking at both events were Uri Rapoport, CEO and founder of Aspect Imaging, and Yaky Yanay, Co-CEO and President of Pluristem Therapeutics and Co-Chairman (Life Science) of IATI (Israel Advanced Technology Industries).

The two companies are among the leading hi-tech companies in Israel. Aspect Imaging offers a new approach to MRI in terms of safety, point-of-care and accessibility, and Pluristem Therapeutics is a leading developer of placenta-derived cell therapy products.

Also speaking at both events was Amir Yaar, CEO of CISH, who presented a talk about “Phi lanthropy by Technology”.

In attendance at the Hong Kong event was Ahuva Spieler, Israel’s Consul General to Hong Kong. Opening remarks at the event in Hong Kong were given by Nicholas W. Yang, Secretary for Innovation and Technology of the HKSAR Government, who spoke about Hong Kong as an innovation and technology centre.

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Tel Aviv University (TAU) Ventures and NEC establish a new incubator programme Print E-mail

TAU Ventures and Japanese electronics giant NEC have set up a new incubator programme for early-stage startups.

The intensive three-month programme, called “AlphaC”, is scheduled to start this month in Tel Aviv, and will focus on cyber ventures. Ten early-stage ventures have been selected to participate in the programme.

AlphaC will run from a new space designated and prepared for this purpose at TAU Technical Engineers School at the Broshim Compound near TAU campus in north Tel Aviv.

The participants will receive close, personal support from the project’s manager and representatives of partner companies, and will have access to university resources; specialised business and technological mentors; a spacious and comfortable work space; high-quality, focused content, and direct communication channels with industry. TAU President Prof. Joseph Klafter said: “Tel Aviv Univer sity encourages entrepreneurship in all areas as well as a strong link between academia and industry. TAU’s status has made it very attractive for investors, government representatives and industry leaders in Israel and abroad. We believe that the talents and creativity of our researchers, students and alumni, combined with open approach to information and the direct interface with the industry, make us fertile soil for the startups that will spearhead Israeli cyber.”

(Issue Feb 2018)

New kosher food store opens in Hong Kong E-mail

AKJ Kosher Food, owned by the Shem Tov family, has opened a retail kosher shop in the Tsim Sha Tsui (TST) district of Hong Kong.

Set up in mid-2017, the group imports a variety of ingredients, snacks and wine items from Israel and other countries that have not otherwise been available in Hong Kong.

Now, there is more choice for families in Hong Kong, and for the many tourists and visitors who stay in TST, to buy kosher food. The company’s website states: “Our selection of kosher foods is specifically designed to suit the daily needs of Jews in Hong Kong (tourists, business travelers, and families) who intend on keeping a kosher diet.”

AKJ Kosher Food has also launched a selection of fruit and gourmet baskets that make excellent traditional holiday gifts for Chanukah, Shavuot, the Jewish New Year and for other occasions. The company will also be targeting companies, hotels and other organisations in that want to provide their customers, employees and community with gift baskets and fruit hampers filled with delicious products.

One of the company’s main collaborations is with the renowned Israeli Tishbi Winery group. As Tishbi’s new Asian distributor, AKJ Kosher Food will be importing wine, jams and jelly products exclusively into Hong Kong.

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IDI appoints new Chairman E-mail

On 11 January 2018, the Israel Diamond Institute Diamond Institute (IDI) announced the appointment of Boaz Moldawsky as Acting Chairman. He replaces Shmuel Schnitzer.

Schnitzer, has served four terms as the president of the Israel Diamond Exchange and also was president of the World Federation of Diamond Bourses. He was named an honorary president of both organisations.

IDI did not provide any details on why Schnitzer is leaving or his future plans. In a statement about the appointment, the IDI Board said: “The Board of Directors of the Israel Diamond Institute would like to thank Shmuel Schnitzer for his substantial contribution to this institution since becoming Chairman in February 2016. Over a public career spanning several decades, Shmuel Schnitzer has made an immense impact on the Israeli Diamond Industry and on the diamond industry around the world.”

Boaz Moldawsky, a secondgeneration diamantaire, is active in public service to the industry, serving as Deputy President of the Israel Diamond Exchange, Chairman of the Finance Committee and a member of the board of the Israel Diamond Manufacturers Association.

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Bank Leumi and Bank of China agree to extend credit to Israeli companies operating in China E-mail

Bank of China has signed a partnership agreement with Israel’s Bank Leumi to cofund Israeli companies working in China, Bank Leumi announced on 18 January.

Bank of China is one of China’s four largest banks and is considered the second-largest lender in the country. Bank Leumi is one of the two largest banks in Israel.

According to the agreement, Israeli companies that have operations in China could receive local credit directly from Bank of China, based on guarantees from Bank Leumi, or through a joint credit line extended by the two banks.

Bank Leumi said that the two banks have agreed to extend up to US$100 million in credit in each of the next two years, up to a total of US$200 million. As part of the agreement, which was signed by Leumi Group Chairman, David Brodet, and Bank of China Vice President, Gao Yingxin, Israeli companies operating in China will be able to receive credit in local currency (Yuan), with the credit being granted in two ways: directly by Bank of China and with the guarantee of Bank Leumi, or by means of a credit line to be established jointly by the two banks.

So far, foreign companies operating in the Chinese market have had difficulty obtaining credit from local banks, which has made it harder for them to penetrate the local market or to increase the volume of their business.

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