Israeli Trade Mission in Shanghail and GWC (China's Umbrealla Organization for Web and Mobile Companies) held 1st ever power breakfast for Israeli
 

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Israeli Trade Mission in Shanghail and GWC (China's Umbrealla Organization for Web and Mobile Companies) held 1st ever power breakfast for Israeli

 
 
הודעה לעיתונות
2/12/2015 8:00 AM
Foreign Trade Administration
 
 

 
 
 
 

The Israeli Business Center in Shanghai inaugurated by the Foreign Trade Administration at the Israeli Ministry of Economy in cooperation with the Israeli Finance Ministry held a "Power Breakfast" today, which showcased Israeli startups specializing in mobile and Internet technology.
The event was held in cooperation with GWC - the umbrella organization of Chinese Internet and mobile companies, which includes among its members companies like PingAn, Xiaomi, Kingsoft, Baidu and Tencent. Continuing the growing trend of cooperation between Israel and China in the fields of Internet and mobile technology, the GWC recently opened its doors to Israeli companies.

 

GWC is the organization backing the flagship event of the Chinese Internet industry, GMIC (Global Mobile Internet Conference), which will take place in Beijing this coming April. Last year, several Israeli companies exhibited at GMIC and more than 20,000 visitors came to the conference. Israel broke new ground at the 2012 conference when Israeli company Visualead won the competition for most promising startup. The award was a turning point for the company, which later opened offices in Shanghai and became the first Israeli company to raise funds from Chinese Internet giant Alibaba.
The Power Breakfast is a joint initiative of the Israeli trade attaché to Shanghai, Mr. Elad Gafni, and Roni Keret, in charge of promoting Israel-China relations at GWC. The event highlighted the hottest trends in Internet and mobile technologies in Israel. Representatives of Israeli companies with significant activity in China presented, including executives from Supersonic, Visualead and ironSource. Forty senior Chinese executives from the Chinese web and mobile industries were also present. The Power Breakfast began with an opening address from the Israeli Consul General in Shanghai, Mr. Arnon Perlman.
The Israeli companies which took part in the event represent two significant trends in the Chinese-Israeli economic relations over the past year: a massive rise in investments by Chinese companies in Israeli startups (leading Chinese investors are funding the three Israeli companies mentioned above), together with a rise in the export of Internet services from Israel to the Chinese market (following the rise in revenue, the three Israeli companies opened local offices in Beijing and Shanghai.)
Elad Gafni, Israeli Trade Attaché to Shanghai from the Foreign Trade Administration said: "This is the first event of its kind at the Israeli Business Center in Shanghai, which was inaugurated last November. Beyond the great potential of this event for Israeli web and mobile companies, it is also an opening shot for similar events in other fields where there is potential for cooperation with China. I invite Israeli companies to utilize the services offered by the Israeli Business Center in Shanghai and by the staff at the trade mission. The Israeli Business Center in Shanghai can help exporters take their first steps in the Chinese market and can serve as a springboard for their continued operations, diminishing risks and reducing initial costs like renting offices. Additionally, the center allows companies arriving in China for short periods of time to hold meetings in a convenient, predetermined location."
In 2014, trade between Israel and China reached $11.14 billion. The sum total of exports from Israel to China stood at $2.7 billion and was 4% lower than in 2013. The drop in exports was mostly in the diamond and gem industry and in industrial products. Exports from China to Israel continue to grow and the sum total of exports stood at $8.1 billion in 2014, 8% higher than in 2013. Most exports included machinery, electrical and communications equipment and products from the textile, chemical and metal industries.
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