Israeli VC test in China

Infinity proves that there are many combinations of routes between Israeli technology and the Chinese market. May 7, 2007, Tel Aviv. Israel's renowned venture capital Infinity announced that its new Israel-China Fund (Infinityⅲ) had completed its first phase of fund-raising, with a total financing of $155 million trillion. 　　This alone is more than the 150 million-dollar funding target that Infinity originally ordered. 　　In addition to existing investors, new investors, from the United States, the UK, Canada, Switzerland, South Africa, Israel and other countries and regions, private investors, fund funds (Fund of target) and institutional investors are also involved in the Infinityⅲ financing process. In the process of financing, investors reacted quite positively.　　 　　Encouraged by this, the Infinity team decided to raise the target for the new fund to $250 million trillion. The initiators of the first-taste infinity include Israel's corporate giants IDB and Leon Recanati owned by Glenrock. The two competent partners of Infinity were Amir Gal-or (Gao Zheming) and Avishai Silvershatz, while the chairman was chaired by Avi Fischer, Vice-Chairman of IDB Group. 　　IDB affects about 12% of Israel's GDP. Since its inception in 1993, the total amount of funds administered by Infinity has exceeded $420 million trillion. 　　Thanks to the successful investment in ESC medical, Galileo technology, Accord Network, radcom, XTL Medicine and other enterprises, Infinity's history of the first fund Nitzanim only 27 million of dollars in investment to its investors to bring 169 million dollars in return. 　　Despite the impact of the dotcom bust, Infinity's second and third funds did not perform as well as expected, but overall, Infinity's overall internal rate of return to its investors remained at 33%, with gross yields reaching 48% per cent. Even compared to the same period of the U.S. top VC, Infinity created 33% yield is not inferior. 　　More importantly, Infinity Fifth Fund infinity-csvc is the first Sino-Foreign Joint Venture Fund (On-shore Fund) approved by the Chinese government. Although Infinity-csvc was questioned by insiders at the beginning of its June 2004 announcement, the INFINITY-CSVC fund has not only won formal approval from both the Chinese and Israeli governments, but has also created impressive results over the past 3 years. As of now, INFINITY-CSVC has invested 6 companies related to Israel and China, and its nanomotion and ShelAbout $6 million trillion in LCase has already brought in more than 14 million dollars in return for investors. The greater value of nanomotion and shellcase is that infinity to prove to the world that its pioneering Israeli-Chinese business model is practical.　　 　　A direct proof is that the October 2006 Infinity raised a second Israeli-Chinese fund, which was sought after by investors. The government's forceful promotion of Taiwan government is a notable feature of Israel's venture investment industry. 　　In 1993, the Israeli Government developed a plan called "Yozma", and the "Yozma" program played a prominent role in promoting the formation and development of the Israeli venture capital industry, and was thus renowned for its global entrepreneurial investment community. 　　10 years later, the Israeli Government has also spared no effort in promoting globalisation of its venture capital industry. In June 2004, Mr Olmert, then Israel's Deputy Prime Minister and Minister of Industry and Trade, led a large high-level business delegation with more than 200 people to visit China. The delegation, led by Olmert with Chinese descent, has almost all of Israel's mainstream VC and entrepreneur. 　　Gao Zheming, Infinity's managing partner, is one of them. Previously, Gao Zheming and other people only spent 4 months on the completion of the partner's choice of work. 　　March 29, 2004, Infinity, Sino-New Suzhou Industrial Park Venture Capital Co., Ltd. (CSVC) and Suzhou Industrial Park Technology Development Co., Ltd. jointly signed a memorandum of cooperation. 　　On the morning of June 22, 2004, the Infiniti-Sino-New venture capital, Enterprise, Infinity-csvc, was announced as the infinity-csvc of Olmert's visit to China. INFINITY-CSVC is under the joint promotion of the Israeli Deputy Prime Minister Ehud Olmert (incumbent) and Chinese Vice Premier Wu Yi, Infinity, csvc and Suzhou Industrial Park in accordance with the "Foreign investment venture capital Enterprise management Regulations" 　　The first illegal venture capital enterprise in China was jointly funded. 　　April 2005, the State Administration for Industry and Commerce of China formally issued the registration number No. 00001 of the business license to INFINITY-CSVC. Certificate No. No. 00001 "for a long time, Israeli companies have ignored China, and they have focused only on the United States." Gao Zheming stressed that he "witnessed the rapid growth of the Chinese market." Gao Zheming's younger brother, Gilad, has been in China for 9 years and served as Camtek Asia Manager. 　　Thanks to Gilad's go-between, Infinity first transferred Shellcase's packaging business to Taiwan's fine material Technology (XINTEC) and decided to enter the Chinese market directly. "The biggest challenge for international VC to enter China is that continuous change has become aNormal。 "As a foreign investor who wants to succeed in a changing China, it must seek to work with local partners." "These local partners have to be very valuable in terms of infrastructure, government relations and market resources." On this basis, we will build our own team in China. 　　After screening, Infinity finally decided to work with the government's deep csvc and Suzhou Industrial Park at the fund level. "It will be a 7-year fund that, in the event of an extension, can be extended to 8 years." 　　"Gao Zheming Finger This registration number of 00001 business license said that the reason for the choice of illegal human system and China to form a venture investment enterprise, because" it is very similar to the Israeli VC customary limited partnership organization. " The business license of "Infiniti-Sino-New venture capital Enterprise" issued by China State Administration of industry and Commerce indicates that its business scope includes equity investment, venture capital Consulting and business management consulting, etc. Infiniti-the founding of the new venture capital is 10 million U.S. dollars (which Infinity pledged to invest $3.95 million trillion, new venture investment pledged to invest 4.95 million U.S. dollars), and "can be expanded to 75 million U.S. dollars according to investment progress", 　　Management organization is the Sino-billion venture capital Management (Suzhou) Co., Ltd. established in cooperation with both sides. 　　With the previous international VC investment in Chinese enterprises using the offshore (Off-shore) operating mode is different, INFINITY-CSVC was first established in accordance with the "Foreign investment venture capital Enterprise Management Regulations" established in China funds. 　　However, because of the lack of practical precedents for illegal venture capitalists in China, legal experts are already buzzing about the scene. "We have learned from our previous joint ventures.　　 　　"Gao Zheming believes that there are many factors that determine the success of investment, such as project selection, timing of intervention, management skills, etc. will affect the success or failure of the investment case."　　 　　Jewish businessman? "We want to deal with people in China with such qualities, first of all, with strong communication skills." We like to deal with people who are down-to-earth. These people usually have a strong ability to execute, and they are open-minded, creative, optimistic and passionate. "We hope these people have the best experience in dealing with foreign businessmen," Gao Zheming said. When you are with them, the feeling between people is very good. Of course, we ask these entrepreneurs to have a good background in their own right. "But geographical distance, cultural differences and the challenge of cooperation brought about by the legal environment are obvious." In response to the challenge, Gao Zheming and former Israeli television 1 news editor Yael Einav (Jericho) founded a new company, the IHS. 　　Jericho graduated from Hebrew University in Jerusalem and obtained a master's degree in Chinese studies. Jericho began traveling to China in 1988, and since then she has taken manyColor delegation to visit China. 　　After the creation of China IHS, helping Israeli companies find suitable investment areas and partners in the country has become Jericho's main job. 　　In fact, Infinity Partners are not only doing a different thing to help Israeli companies break into the Chinese market, but they are also very rare to have the support of Chinese and Israeli governments at all levels to build their investment networks. It is in the direct care of both sides of the government, as a successor of the Infinity not only lead the U.S. VC to achieve a full landing in China, and infinity has become an important site for mutual visits between government officials. 　　This shows that Infinity's pioneering business model has won the close attention of both governments. 　　Following the establishment of the 2nd China office in Hong Kong in 2007, Infinity is planning to set up the 3rd China office in Beijing during the year. 　　Infinity's business objectives in China are to support companies that can leverage Israeli technology and China's market and manufacturing capabilities.　　 　　On the specific path of cooperation, Infinity's partners believe that at least 3 options are available: Israeli companies and Chinese companies jointly set up a new joint venture, license Chinese companies to use Israeli technology, and help Israeli technology companies set up branches in China. 　　Flexible investments by Israeli companies in semiconductors, the technical advantages of telecom, software, medical, energy and other industries, as well as the enormous market potential of China in the corresponding fields, make it more flexible to manage the infinity of both offshore and onshore funds to find and target investment targets in these industries. Up to now, Infinity-csvc has invested in Shellcase, Nanomotion, Bianatech, Crystal Square semiconductors (China Wafer level C), Teledata, Powerpaper and other 6 Chinese- Israel (Israel-china) mode of operation of the enterprise. 　　Together with Infinity-csvc, Infinity's total investment in the 6 companies exceeded 40 million dollars. Shellcase is the first company to invest in Infinity-csvc, and it is also a typical representative of the "Israel-China" model. Shellcase mainly produces wafer-level packaging products for digital consumer products and telecommunications markets, and its "research and production operations were once concentrated in Jerusalem". 　　But after feeling that "Jerusalem's production capacity is unable to meet the Far East market", Shellcase has shifted the production process to China. June 10, 2005, China-New venture, INFINITY-CSVC, Israel Shellcase and the United States OVT companies, such as the joint investment of 25 million U.S. dollars of Crystal sideSemiconductor (Wafer level C), incorporated in the Suzhou Industrial Park. 　　Through the introduction and absorption of Israel shellcase advanced chip packaging technology, Crystal Square Semiconductor has developed into China's first imaging sensor chip (CCD and CMOS) wafer-level chip size packaging enterprises, and has the world's only shelloc production line. Bianatech, a broadband access device maker Infinity-csvc in Shanghai, is working with some companies in Israel. 　　By contrast, Teledata is trying to penetrate the Chinese market. So far, Infinity-csvc's portfolio has covered the main route of cooperation in the "Israel-China" model envisioned by its partners. 　　Also in the process of fund-raising infinityⅲ, it is very likely to further expand the path of cooperation. In January 2007, Infinity announced a 6 million-dollar investment in Israel's Mate intelligent video (Mate), where Infinityⅲ and Infinity-csvc invested 3.2 million dollars, 　　Other investors include China New venture, Peleg Group, etc. Infinity is also helping mate to sign a technology licensing agreement with an information Technology service provider in China and has expressed interest in investing 3 million of dollars in the company.