Tag Archive for China

US Security Adviser & Shin Bet chief uneasy over Chinese investment in Israel

US National Security Adviser John Bolton expressed security concerns to PM Netanyahu about Chinese technology and investments in Israel, particularly with Chinese companies building a new port in Haifa, where the US Navy’s Sixth Fleet would be using as a major berth for 25 years, beginning in 2021.

By Tal Polon

 

US National Security Adviser John Bolton raised concerns to Prime Minister Netanyahu about the use of Chinese telecommunications equipment in sensitive sectors in Israel, a US official told Reuters on Wednesday.

The senior administration official, who was briefed on talks between Bolton and Netanyahu over the weekend, said that talks addressed US concerns that Chinese involvement in certain sectors in Israel could enable intellectual property theft and intelligence gathering by China. Continue Reading »

Chinese invest $20 million in Israeli ‘smart clothing’ startup

 

view videoKfar Saba-based cardiac monitoring clothing HealthWatch, raises $20 million from Chinese company Yiling, who will also market HealthWatch’s product in China.

By Israel Hayom Staff

 

Israeli startup HealthWatch Technologies, which develops cardiac monitoring garments, announced Monday a $20 million investment by Chinese company Yiling, which specializes in Chinese medicine and is now in the process of branching out into conventional medicine.

According to the financial daily Globes, the investment puts HealthWatch’s value at $65 million.

HealthWatch develops smart-digital garments with interwoven sensors measuring vital signs - Screenshot from HealthWatch website

HealthWatch describes itself as “a pioneer in harnessing textile technology to produce fashionable, smart-digital garments with interwoven sensors unobtrusively measuring vital signs of hospital-grade quality.”

According to the agreement, $15 million of the investment will give Yiling a 23% stake in HealthWatch. Continue Reading »

Israel’s Ahava cosmetics to be bought by the Chinese

Dead Sea based Ahava cosmetics announced at the Tel-Aviv stock exchange that the company is to be bought by Fosun International, a company based in China.

By i24news

 

The owners of Ahava, the cosmetics company based in the Dead Sea, reached a preliminary agreement to sell the Israeli company. The deal values Ahava at 300 million shekels ($76.30 million).

In an announcement at the Tel-Aviv stock exchange, Gaon Holdings, which owns 15.72 percent of Ahava, said that the buyers will be purchasing at least 51 percent of the company. Gaon did not provide the name of the buyer, but Globes, an Israeli news website, reported that it would be Fosun International, a company based in China. Continue Reading »

Beijing buys Tnuva for NIS 8.6 billion ($2.45 billion)

The Chinese gov’t-owned Bright Food Group said all development, production & management will remain in Israel.

By GLOBES
 

 

The Chinese government’s Bright Food Group signed an agreement this morning to buy control of Tnuva Food Industries Ltd. from Apax Partners. The sale is being made at a company value of NIS 8.6 billion which will bring a profit of NIS 4 billion to Apax, which has a 56 percent stake in the company, on which it will not be required to pay any tax.

Tnuva cottage cheese

Tnuva cottage cheese Photo: REUTERS

As it stands neither the kibbutz movement, which has a 23% stake, nor Mivtach-Shamir Food Industries Ltd., a 21% stakeholder, will be part of the deal, although there are ongoing talks on the matter. Continue Reading »

Russian leader: The West acts ‘like a monkey with a grenade’…again

China reminds everyone how the current affair ‘is reminiscent of the lead-up to the Iraqi War,’ which was also based on allegations that proved false.

As Moscow sends emergency supplies to Damascus the Russian deputy premier criticizes the looming Western attack on Syria.

By Dan Lavie and News Agencies

 

Russian officials on Tuesday unleashed scathing criticism of the looming U.S.-led strike on Syria.