Shengjing Group Expands Its Activity in Israel
With investments of over $100 million in Israeli funds and companies, China's largest global fund of funds now seeks to increase its investments in Israel. Shengjing also operates the Israeli Ministry of Economy's Accelerator in Beijing
IsraelDefense
| 04/05/2018
Xueling Cao, Director of Shengjing Group (Photo courtesy of Shengjing Group)
Shengjing Group, China's largest global VC & PE fund of funds, expands its activity in Israel. The firm starts to operate the new liaison office of Zhongguancun Science Park, also called "China's Silicon Valley," in Tel Aviv. Shengjing has recently established an Israeli entity called Shengjing Israel Ltd., which will be managed locally by Xueling Cao, Director of Shengjing Group. The new entity serves as an initial base for many Chinese governments, public companies and investors seeking to do business in Israel, and for Israeli companies seeking business opportunities in China, especially in Beijing.
Shengjing started to operate in Israel back in 2012 and has been expanding its involvement in the Iocal ecosystem ever since. Through its Peakview investment arm, Shengjing has already invested nearly $100 million in Israeli hi-tech, including investments in Israeli venture capital firms like Jerusalem Venture Partners, Vintage Investment Partners, Viola Group and Canaan Partners. Under the management, Shengjing has invested in over 80 funds in China, US and Israel in last five years.
Shengjing now seeks growth-stage companies which are interested in China market and will invest independently in Israeli startups focusing on areas like AI, clean-tech, medical device, agriculture, semiconductor and so on. In the past three years, Shengjing invested in several Israeli companies independently, including DIA Imaging Analysis and SecuriThings.
Shengjing is a partner of the Israeli Ministry of Economy and Industry as an operator of the First "China-Israel Accelerator" in Beijing. This new Accelerator Program seeks to enable and facilitate the success of Israeli technology companies in the Chinese market. First five selected Israeli startups mentored and trained by Shengjing experts will soon complete the first cohort of the program.
Zhongguancun Science Park is home to many Chinese tech giants, like Lenovo, Baidu, Xiaomi, emerging technologies as well as China's leading Universities. The Park boasts almost 40 colleges and universities like Peking University and Tsinghua University, more than 200 national (municipal) scientific institutions such as the Chinese Academy of Engineering, 67 state-level laboratories, 27 national engineering research centers, 28 national engineering and technological research centers, 24 university science & technology parks and 29 overseas student pioneer parks. So far, Zhongguancun has ten overseas liaison offices in different areas, including Silicon Valley, Washington, Munich, Toronto, London, Stockholm, Sydney, Tokyo and more.
With investments of over $100 million in Israeli funds and companies, China's largest global fund of funds now seeks to increase its investments in Israel. Shengjing also operates the Israeli Ministry of Economy's Accelerator in Beijing
Xueling Cao, Director of Shengjing Group (Photo courtesy of Shengjing Group)
Shengjing Group, China's largest global VC & PE fund of funds, expands its activity in Israel. The firm starts to operate the new liaison office of Zhongguancun Science Park, also called "China's Silicon Valley," in Tel Aviv. Shengjing has recently established an Israeli entity called Shengjing Israel Ltd., which will be managed locally by Xueling Cao, Director of Shengjing Group. The new entity serves as an initial base for many Chinese governments, public companies and investors seeking to do business in Israel, and for Israeli companies seeking business opportunities in China, especially in Beijing.
Shengjing started to operate in Israel back in 2012 and has been expanding its involvement in the Iocal ecosystem ever since. Through its Peakview investment arm, Shengjing has already invested nearly $100 million in Israeli hi-tech, including investments in Israeli venture capital firms like Jerusalem Venture Partners, Vintage Investment Partners, Viola Group and Canaan Partners. Under the management, Shengjing has invested in over 80 funds in China, US and Israel in last five years.
Shengjing now seeks growth-stage companies which are interested in China market and will invest independently in Israeli startups focusing on areas like AI, clean-tech, medical device, agriculture, semiconductor and so on. In the past three years, Shengjing invested in several Israeli companies independently, including DIA Imaging Analysis and SecuriThings.
Shengjing is a partner of the Israeli Ministry of Economy and Industry as an operator of the First "China-Israel Accelerator" in Beijing. This new Accelerator Program seeks to enable and facilitate the success of Israeli technology companies in the Chinese market. First five selected Israeli startups mentored and trained by Shengjing experts will soon complete the first cohort of the program.
Zhongguancun Science Park is home to many Chinese tech giants, like Lenovo, Baidu, Xiaomi, emerging technologies as well as China's leading Universities. The Park boasts almost 40 colleges and universities like Peking University and Tsinghua University, more than 200 national (municipal) scientific institutions such as the Chinese Academy of Engineering, 67 state-level laboratories, 27 national engineering research centers, 28 national engineering and technological research centers, 24 university science & technology parks and 29 overseas student pioneer parks. So far, Zhongguancun has ten overseas liaison offices in different areas, including Silicon Valley, Washington, Munich, Toronto, London, Stockholm, Sydney, Tokyo and more.
