With more than 5,000 high-tech companies, at least 100 of which are listed on the NASDAQ, Israel is considered the new Silicon Valley. Matching Asia’s need for advanced technology and its nation’s abundant supply, the Economic and Trade Department of the Consulate General of Israel in Hong Kong is actively seeking companies interested in joint ventures, partnerships and distributorships.
Sagi Karni, Israeli Consul General to Hong Kong and Macau, said that Israeli high-tech companies are, by nature, global, and many seek access to the Chinese market. “Israel is a small country and our markets are abroad,” Mr Karni said. “Many of the venture capital investors are foreign, so it is fair to say that the time is ripe for technological cooperation with China