China-Israel Weekly Newsletter
27 June 2018
Hi everyone,
Someone turned the heat on in China and it’s summer now. Most of us here feel like we’ve jumped into a pool when we walk outside (thanks humidity!). Fare thee well good hair days and out-of-the-shower freshness! We shall meet again around Mid-Autumn Festival!
Headlines this week were, let’s say, “varied”. Something for everyone here.
For example, Ofo is pulling the plug at the Weizmann Institute. Let’s take a look at this.
Once upon a time, we were annoyed with having to dock shared bikes. We wanted bikes that we didn’t have to dock, that we could park and pick up anywhere. Ofo and Mobike solved our problem and made bike sharing unbelievably convenient. Now we’re ruining it for ourselves. Now we understand the harsh truth that we need boundaries. We need rules! We need docking stations.
Apparently most of us humans are incapable of picking up a shared bike, riding to our destinations, getting off of the bike, walking it one or two steps to a place where it won’t bother cars or pedestrians, putting the kickstand down and going on our merry ways. If innovation begets innovation, who, pray tell, will be the one to invent something that will let us live the freedom of undocked bike sharing yet give us the boundaries and rules we apparently so desperately need? Let’s circle back another time with some ideas.
Aside from the Ofo story, in the news this week we had Chinese chefs in Israel, a fund-of-funds (fund-fund-fund), Israeli jewelry, cosmetics/aesthetics mini expo, a startup competition, academics, and a Chinese headquartered US company and an Israeli founded US company join forces - that’s still in our scope, right?
Enjoy the newsletter, and as always give me a shout with thoughts and questions, or just to say hello.
-Laura
China-Israel Business News Digest
Read headlines here or go ahead to the website for summaries and original articles.
Ofo Cancels Bike-Sharing Pilot at Israeli Research University, Report Says.
Beijing Government Sets Up $4.6B Fund To Back Core Tech Innovations.
Israeli Jeweler Michal Negrin to Open Wuhan Store.
Chinese companies to invest $25m in Israeli innovation start-ups.
Hold the hummus, bring on the fried rice, say Chinese tourists to Israel.
Cosmetics & Aesthetic Device Mini Expo in Beijing.
GTIIT prepares for 2nd academic year.
TuSimple Selects WekaIO for Autonomous Fleet Vehicle Machine Learning Training.
Access all summaries and original articles on the website.
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