Thursday, November 24, 2016

Chinese investors raising $50m for Israeli technology

CreditEase Israel Innovation Fund also hosting delegation of leading CEOs and businesspeople from China this week

By Luke Tress

TIMES OF ISRAEL - November 23, 2016

CreditEase China, one of the world’s largest microcredit and wealth management firms, is raising a $50 million fund to invest in Israeli business and technology. The group has made Israel a priority in its investment strategy. It partnered with veteran investors in Israel Tayman Kan and Benjamin Weiss to establish the CreditEase Israel Innovation Fund (CEIIF) last year, to create its first Israel-focused venture-capital/private equity fund. The group’s previous fund aimed at Israel amounted to $32 million. CEIIF is hosting a delegation of 37 Chinese business executives in Israel this week.