Please leave a message after the beep; everyone in the China-Israel deals channel is on vacation, taking it easy, saving deals and other news for a later date.
That said, we did have a few things this week, like Xiaomi opening a store in Tel Aviv, PointGrab selling in China, and President Xi’s right hand man reportedly in charge of the China side’s initiative to boost tech ties with Israel.
All that is very interesting of course, but given the relatively calm week, let’s take a look at July. Wow, July. No one was on vacation then. People were earning their vacations. The big story (i.e. big money) was Trax with it’s $125m round led by Boyu. Mantis also didn’t do too bad with a $55m round. AND we’ve got sports again. I’m telling you - sports. Sports is a thing.
Alsoooo, kind of a big deal: there’s a really big China-focused, global startup competition called "Are you China Ready?" taking applications as we speak until the end of the month (so get on it, startups). We’ll have more about this in a few days on LinkedIn and in next week’s newsletter, but here’s a helpful link to warm you up.
Enjoy the newsletter, and as always give me a shout with thoughts and questions, or just to say hello.
China-Israel Business News Digest
Read headlines here or go ahead to the website for summaries and original articles.
Xiaomi opens 1st store in Israel.
New Hope IoT Intl Inc JV Enters China Agreement with PointGrab.
China Appoints Xi Jinping’s Right Hand Man to Head Government Initiative to Bolster Tech Ties with Israel.
Headlines from July
Sports Media Company 90min Partners With Sina Sport.
Emerge Announces A $100 Million Israeli Fund in China.
Third Chinese City to Open Economic Mission in Israel.
LR raising $130m to invest in Jerusalem med cos.
Mantis Vision Raises $55 Million and sets up China JV.
Israel Innovation Center signs with Xiasha Science City.
Bitmain expanding Israel development center.
In Turnaround, Israel May Form Body to Vet Foreign Investment.
Telit sells automotive division for $105m.
Israeli vehicle radar co Arbe Robotics raises $10m.
Aurora Labs raises $8.4 million to bring its self-healing software to cars.
Meta to cooperate with Zhuhai Huafa Group.
Nano Dimension entering Chinese market.
With bamboo bikes and a vision.
Chinese bicycle sharing giant Ofo pulls out of Israel.
Baidu Teams Up with Intel’s Mobileye.
Acquisition of Israeli Insurer Phoenix by China’s Sirius Cancelled.
Agreement signed for more Israel-China flights.
Trax Closes $125 Million Investment Round Led by Boyu Capital.
Maritime risk management co Windward raises $16.5m.
Access all summaries and original articles on the website.
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