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CTech’s Monday Roundup of Israeli Tech News

CTech’s Monday Roundup of Israeli Tech News

At a Beijing accelerator, Israeli startups learn to adapt to China. Manikay acquisition of Tel Aviv exchange stake faces opposition.

CTech | 17:20  21.05.2018
At a Beijing accelerator, Israeli startups learn to adapt to China. Boosted by governmental efforts on both sides, economic ties between China and the Israeli tech ecosystem have been strengthening in recent years. Names like Tencent and Baidu, once obscure references to almost all Israelis, are now familiar names among Israeli techies. As more Israeli companies are looking to break into the Chinese market, opening local branches and inking local partnerships, some run into language, legal and cultural barriers. Read more

Manikay acquisition of Tel Aviv exchange stake faces opposition. In April, the exchange announced an agreement to sell 71.7% to foreign investors, among them Manikay, according to an exchange value of $156.3 million. The sale was the initiative of the exchange’s CEO Ittai Ben-Zeev, following a 2017 amendment of Israel’s securities law that forbids members of the exchange to own a stake larger than 5%. In a letter sent Monday, he said Israeli Bank Hapoalim is behind attempts to stall the deal. Read more

Tel Aviv Stock Exchange. Photo: Bloomberg Tel Aviv Stock Exchange. Photo: Bloomberg Tel Aviv Stock Exchange. Photo: Bloomberg

Israeli company investigated by Robert Mueller’s team shuts down. On Saturday, the New York Times reported that an Israeli company is being investigated in relation to alleged illegal manipulation of the 2016 U.S. presidential elections. Read more

Entera Bio gives Nasdaq IPO another shot. This is the fifth time since 2014 that the Jerusalem-based medical device company files for an initial public offering on Nasdaq. Read more

AI baby monitor startup Nanit raises $14 million. Nanit develops a baby monitor that uses computer vision and machine learning technology to measure babies’ sleep. Read more

Israeli veteran entrepreneur Giora Yaron wants to bring Israel’s Bedouins into the tech fold. General Electric is already outsourcing jobs to a small team of Bedouin engineers, as part of an initiative set up by Mr. Yaron. Read more

Tel Aviv coworking real estate company Urban Place opens first Jerusalem location. This is Urban Place’s first expansion outside of Tel Aviv. The company raised $12 million in 2017. Read more

Spacecom signs $55 million deal with unnamed company. $30 million of the sum is for services to be provided by Spacecom’s new satellite AMOS-17, scheduled for launch in the second quarter of 2019. Read more

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