Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Chinese Group The Founder to Open Israeli Subsidiary

The Founder Group

Major Chinese firm The Founder Group is planning to open a new subsidiary in Israel, according to a report in The Times of Israel. The new firm will be operated by Founder Technologies, which is itself a subsidiary of The Founder Group.

Established by Peking University in 1986, Founder manufactures all sorts of computer products such as desktops computers, notebooks, printers and servers.

Israel and China have been increasing their business and cultural ties for years now. Chinese companies have been learning from the successes of Startup Nation and have been looking for help in their research and development programs in Israel.

For example, just last week China’s WuXi PharmaTech, a leading open-access R&D capability and technology platform company serving the pharmaceutical, biotechnology, and medical device industries, with operations in both China and the United States, expanded into the Israeli market. The company announced the establishment of a representative office in the Tel Aviv area of Israel.

And last summer Israel’s Qoros invested $600 million in a Chinese car manufacturer.

The Israeli subsidiary of will be operated by Shanghai Founder Technology and have a local staff. According to official documents released by Founder the new Israeli subsidiary has been created in order to take advantage of local high-tech innovative enterprises, expand and accelerate the company and to
Enter into cooperation with local companies, including the absorption of advanced technologies and the introduction of programs, business cooperation and capital cooperation.

Founder believes that this will enhance the company’s core competitiveness, and so it intends to set up a window company in Tel Aviv, Israel, employing local staff.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newsletter

Advertisement

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...

empty

The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...

Travel

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.

Advertisement
cialis cialis satış