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.”
To read the full, original article click on this link: Major Chinese Conglomerate to Open Tech Incubator in Israel | Jewish & Israel News Algemeiner.com
