There’s a craze for Israel in China’s tech industry. Chinese tech entrepreneurs admire Israelis’ fighting spirit and what they have achieved in technology
By Tracey Xiang
There’s a craze for Israel in China’s tech industry. Chinese tech entrepreneurs admire Israelis’ fighting spirit and what they have achieved in technology.
It’s largely thanks to the Startup Nation, a book about entrepreneurship in Israel. The Chinese edition came out even earlier than the Hebrew edition. More than 100, 000 copies of the Chinese edition have been sold. That’s not included the untold number of pirated copies that have been sold in China.
The oriental connection
I often joke that Chinese must have contributed a lot to Israeli’s tourism industry with droves of Chinese tech professional having visited the country in the past couple of years. Some began to believe Chinese Internet giants such as Tencent and Alibaba would invest in, or even acquire Israeli tech startups the same way Google and Facebook have done.
Xiaomi, the fast-growing smart device manufacturer and mobile service developer, joined the Series B funding in Pebble Interfaces, an Israeli motion control technology company, in late 2013. Former Tencent SEVP Vic Lee joined Israeli photo sharing app Mobli as an advisor.
A number of Israelis are in China’s tech industry too. ironSource, an application distributor and monetization service provider, has set up an office in China, leveraging the trend of Chinese desktop and mobile apps expanding overseas. AppInChina is a mobile app distributor helping to promote mobile apps from outside China in the complicated market. DigiGage, an interactive solution for elevators, is available in some Chinese cities such as Dalian.
Saul Singer, co-author of the book, shared his insights at 2014 TechCrunch China/TechNode event in Beijing. He thinks China, such a large and populous country has both advantages and disadvantages. These include the double edged lack of need by Chinese entrepreneurs look to the rest of the world market.