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May
11

China’s tech money is Israel bound as US appeal wanes

From: Independent

Chinese firms are turning to the Israeli technology market in the face of heightened US protectionism and regulation

Julie Zhu and Tova Cohen Hong Kong/Tel Aviv

Struggling to seal deals in the United States as regulatory scrutiny tightens, Chinese companies looking to invest in promising technology are finding a warmer welcome for their cash in Israel.

Chinese firms have long hunted in the United States for deals to develop their technological know-how and open up new markets, but their quarry has become more elusive since late 2016 due to increased US protectionism and a tougher regulatory stance.

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