From May 26 to 30, IsCham invited a delegation of leading Jewish investors: Forbes-listed businessmen Leonid Boguslavsky, Andrey Rappoport, and Yuri Kokush, as well as Israel’s venture capitalists, visiting Beijing and Shanghai for new opportunities.
The Chairman of ru-Net Technology Partners, Leonid Boguslavsky, is the VC for Yandex, the largest search engine in Russia. He is the first generation of the USSR’s entrepreneur.
After visiting Zpark and Sina Weibo, Leonid was impressed by the innovating atmosphere in China, “China is a huge market, there are lots of businesses that can grow dramatically and become a huge business. It pushes entrepreneurs to create new business models to help address local problems.”
The start-ups included in ru-Net’s portfolio are located in Europe, America, Russia, and India. Leonid saw opportunities to let the start-ups from different areas work together.
“I have a company in Finland inventing a flexible touchscreen. It’s a technology to enable a screen to turn into different shapes. When I was visiting a Shanghai automobile company, it reminded me that the flexible screen could be applied to the car.”
Israel is known as the start-up nation and a nation of start-ups. Israeli investor Gal Gymant is the founder of Asia Direct. He has been investing in China for 18 years. When comparing China and Israel, Gymant thought there are similarities and differences in the two countries, “the similarities mainly coming from culture. The culture to be an entrepreneur, to make money, the virtue of higher education and success. The differences are from the size of the populations.”
“With only more than an 8 million population, Israelian companies need to focus on the overseas market while Chinese start-ups are mainly focused on the Chinese market. ” Be it a Chinese company or an Israelian company, Gymant said, “to successfully do business overseas, is to work with local partner companies.”
The General Manager of ironSource, Yoni Eyal came to China five years ago to open up the market for the App’s advertising company. Now, ironSource has been a service provider for BAT, or Baidu, Alibaba and Tencent.
Yoni suggested that Israelian start-ups come to China physically to get to know the local market, “I came here in 2012 because this is a huge potential market. I think back then it was a bit early for our market. But it was the right time to enter it because we got the sense of what to do here. For the last two years, many Israeli companies come to China, and they are starting to do very well.”
Mobile ads industry is the most profitable area in the Internet industry, therefore the most competitive and fast-evolving field. Half of the stuff in the headquarters of ironSource focuses on R&D in Israel. The computing technology behind the business models is upgraded every few months.
Yuan Li, Chairman of CCECC; Kent Liu, Chairman of Zpark; William Dong, Chairman of Oriente Landscape together with other IsCham members expressed their willingness to promote the cooperation between Israel, Russia, and China.
This gathering was unique since it was the first time IsCham invited leading Jewish people in business, reaching beyond the China-Israel community and towards the global Jewish community. IsCham was launched during the Olympic Games in August 2008, by the Israelian President at that time, his Excellency Mr. Shimon Peres. IsCham is a non-profit, non-governmental organization. Established to represent and assist the Sino-Israeli business community in developing commercial relations between China, Israel, and the Jewish world.
The Chairman of ru-Net Technology Partners, Leonid Boguslavsky, is the VC for Yandex, the largest search engine in Russia. He is the first generation of the USSR’s entrepreneur.
After visiting Zpark and Sina Weibo, Leonid was impressed by the innovating atmosphere in China, “China is a huge market, there are lots of businesses that can grow dramatically and become a huge business. It pushes entrepreneurs to create new business models to help address local problems.”
The start-ups included in ru-Net’s portfolio are located in Europe, America, Russia, and India. Leonid saw opportunities to let the start-ups from different areas work together.
“I have a company in Finland inventing a flexible touchscreen. It’s a technology to enable a screen to turn into different shapes. When I was visiting a Shanghai automobile company, it reminded me that the flexible screen could be applied to the car.”
Israel is known as the start-up nation and a nation of start-ups. Israeli investor Gal Gymant is the founder of Asia Direct. He has been investing in China for 18 years. When comparing China and Israel, Gymant thought there are similarities and differences in the two countries, “the similarities mainly coming from culture. The culture to be an entrepreneur, to make money, the virtue of higher education and success. The differences are from the size of the populations.”
“With only more than an 8 million population, Israelian companies need to focus on the overseas market while Chinese start-ups are mainly focused on the Chinese market. ” Be it a Chinese company or an Israelian company, Gymant said, “to successfully do business overseas, is to work with local partner companies.”
The General Manager of ironSource, Yoni Eyal came to China five years ago to open up the market for the App’s advertising company. Now, ironSource has been a service provider for BAT, or Baidu, Alibaba and Tencent.
Yoni suggested that Israelian start-ups come to China physically to get to know the local market, “I came here in 2012 because this is a huge potential market. I think back then it was a bit early for our market. But it was the right time to enter it because we got the sense of what to do here. For the last two years, many Israeli companies come to China, and they are starting to do very well.”
Mobile ads industry is the most profitable area in the Internet industry, therefore the most competitive and fast-evolving field. Half of the stuff in the headquarters of ironSource focuses on R&D in Israel. The computing technology behind the business models is upgraded every few months.
Yuan Li, Chairman of CCECC; Kent Liu, Chairman of Zpark; William Dong, Chairman of Oriente Landscape together with other IsCham members expressed their willingness to promote the cooperation between Israel, Russia, and China.
This gathering was unique since it was the first time IsCham invited leading Jewish people in business, reaching beyond the China-Israel community and towards the global Jewish community. IsCham was launched during the Olympic Games in August 2008, by the Israelian President at that time, his Excellency Mr. Shimon Peres. IsCham is a non-profit, non-governmental organization. Established to represent and assist the Sino-Israeli business community in developing commercial relations between China, Israel, and the Jewish world.
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