Baidu and Alibaba, two of China’s largest internet companies are increasing their investments in Israel. Baidu is investing $5 million in Tonara, an Israeli startup that makes it easier for music students to learn to play their instruments. This is the third Israeli investment Baidu has made, according to the Times of Israel. Baidu also invested $3 million in Pixellot.
Alibaba recently made its first Israeli investment, in the company Visualhead, the developer of Quick Response codes. Edouard Cukierman, head of Cukierman & Co Investment, told Times of Israel, “China over the last two years has become the number one investor in Israel.” The country provides China technology that can enable solutions to problems such as pollution, water supply and healthcare. Israel’s innovations in data technology are also sought after by China. Obviously, exposure to China’s huge consumer base is beneficial to Israeli companies as well.
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