China Spectator - 25 Sep, 2014
TEL AVIV—Chinese investors are pouring millions into Israel-focused,
tech-investment funds — as well as launching their own funds and
investing directly in Israeli startups — amid a frenzy of tech
investment and deal making here.
Yongjin Group, a Chinese
equity-investment management and financial- services company, has put
between US$15 million and US$20 million into Israeli venture fund
Pitango Venture Capital during the past year, according to people
familiar with the matter.
Lenovo Group, the big Chinese computer
maker, meanwhile invested around US$10 million in Canaan Partners
Israel, a venture fund affiliated with American-based Canaan Partners,
in late August.
And Ping An Venture, the venture investment arm
of Ping An Insurance (Group), one of China's biggest financial
conglomerates, in November created a US$100 million fund dedicated to
U.S. and Israel tech ventures. It has made six investments in Israeli
startups so far, said Jiang Zhang, an associate director at Ping An
Ventures.
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