Connect with us

Hi, what are you looking for?

Jewish Business News


China’s Fosun to set up technology incubator in Israel

The move follows the acquisition of Alma Lasers by Fosun Pharmaceutical for $240 million in April.


Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

/ By Gali Weinreb and Shmulik Shelach/

Fosun International Ltd. (HKSE: 656) will establish a technology incubator in Israel, Fosun International chairman Guo Guangchang told Prime Minister Benjamin Netanyahu. The move follows the acquisition of Alma Lasers Ltd. by Fosum International unit Shanghai Fosun Pharmaceutical Group Co. Ltd. (SSE: 600196; HKSE: 02196) for $240 million in April.
“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.”
When Fosun Pharma announced its acquisition of Alma Lasers, it said that it planned to utilize Israeli capabilities to find additional technologies, like other large foreign companies which make their first acquisition of an Israeli company. Fosun Pharma said it would establish Alma Lasers as a management platform for the R&D, manufacturing and sales of high-end medical devices, providing an internationalized development path for the company.
The precise definition of the activity that Fosun, one of China’s largest conglomerates, will establish in Israel is not yet clear. The company intends to strengthen its presence in Israel, through investing in a range of industries, not just medical equipment (as in the case of the acquisition of Alma Lasers), and in collaborations with a focus on China and elsewhere in the Far East.

Published by



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.