JTA NEWS
5 March 2015 - 14 AdarI 5775 - י"ד אדר ה' אלפים תשע"ה
JTA NEWS :
Business
Hong Kong Science Park fosters business and R&D collaborations with Israeli companies E-mail

Senior management and executives from Hong Kong Science & Technology Parks Corporations (HKSTPC) together with two partner companies in biotechnology joined the business delegation to visit Israel in May, to learn about the latest innovations in Israel and participate in the 2014 Israel Innovation Conference. The trip highlights Hong Kong’s strong economic ties with Israel and aims to further raise Israeli business interest in the region.

Collaborations between Hong Kong and Israel have flourished on various fronts over the years. Israeli companies and entrepreneurs have played an important role in Hong Kong’s business community, with over 80 Israeli companies conducting business in Hong Kong.

Allen Ma, CEO of HKSTPC was impressed with the visit to Israel where he met with Israeli government officials, tech start-up and companies, educational institutions and investors to explore collaboration opportunities between Hong Kong and Israel.

Ma commented that “HKSTPC is committed to provide the best infrastructure, laboratories, business development support and investment matching opportunities to help turn Hong Kong into a world-class technology hub. We are really excited to have this opportunity to encourage Israeli companies and scientists to partner with Hong Kong companies for their expansion plan in China and Asian market.”

In response to the growing interest of renowned overseas and local universities, R&D institutes and start-ups looking for innovation and technology collaboration with Hong Kong, HKSTPC has launched Soft-Landing Programme for technology and innovation collaboration.

The programme also serves as a platform for institutions and start-ups to set up strategic outposts in Hong Kong and foster collaboration between academia and industry.

“We hope to bring in latest international technologies from Israel to Hong Kong which will eventually benefit our community, and further promote Hong Kong as the innovation and technology hub in Asia for commercialisation of research outputs.”

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TabTale acquires Coco Play Limited E-mail

TabTale, an Israeli children’s app publisher is acquiring Coco Play Limited, a Hong Kong and China-based developer of educational apps and games for kids according to The Times of Israel.

The acquisition gives TabTale a presence in Asia, with access to hundreds of millions of potential new users of its over 250 games, interactive books and educational apps.

TabTale is a major force in mobile educational games and apps. Over 350 million TabTale products have been downloaded over the last three years, among them some of the most popular kids’ educational apps in the App Store and Google Play. Tel Aviv-based TabTale has over 180 employees in its offices in Israel, the US, Macedonia, Ukraine and Bulgaria, who are soon to be joined by the several dozen Coco Play employees.

With the acquisition, TabTale acquires Coco Play’s portfolio of 3D children’s games, which include some of the top free apps for kids in several East Asian countries, such as Coco Princess, the number one free kids’ app in China. Coco Play’s two million users will join the 25 million already using TabTale apps, the latter said.

Nearly all of TabTale’s downloads are based on a freemium model, with the app or game available for free and extra features provided for a fee. TabTale derives much of the approximately US$20 million of its annual revenue from such fees, according to industry sources.

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InSightec launches centres in China E-mail

InSightec Ltd, a leader in magnetic resonance (MR) guided focused ultrasound therapy, announced it has opened its first centres in China. They are located in Shanghai, at the Shanghai First People’s Hospital, Huashan Hospital and Fudan Cancer Centre.

The company will be using ExAblate, a high-intensity ultrasound wave with magnetic resonance imaging. The treatment allows doctors to focus ultrasound energy to heat an area of the fibroid and destroy or ablate the tissue with pinpoint precision. ExAblate benefits are that it is incisionless, requires no hospitalisation and has a high safety profile with low risk of infection or complications, and rapid recovery.

The centres were inaugurated with a medical conference on: MR guided focused ultrasound at Shanghai First People’s Hospital in the presence of Dr. Xingpeng Wang, President of Shanghai First People’s Hospital, Arnon Perlman, Israel Consul-General in Shanghai, Weijun Han, Director of Shanghai Municipal Cadres Health Bureau, Dr. Robert Sigal, President of InSightec Ltd, Diana Tang, Vice President of GE China and other dignitaries from about 100 hospitals all over the country.

Dr. Elizabeth Stewart, Professor of Obstetrics and Gynecology and Chair of the Division of Reproductive Endocrinology at Mayo Clinic in the US and world expert in the treatment of uterine fibroids, addressed the physicians about the role of focused ultrasound for eliminating symptoms of uterine fibroids.

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Golan Winery expands into Vietnam E-mail

Israel’s Golan Heights Winery recently launched its award winning range of wines in Vietnam reflecting its rapid growth in an ever increasing Asian wine culture. The winery, which produces, markets and exports premium wines worldwide, has been selected to be the first Israeli winery to be marketed to Vietnam.

In recent years, Asia has seen an expansion of its wine culture. Within South East Asia, Vietnam has one of the highest wine consumptions per capita. While the country has witnessed an impressive development of wine culture over the last century, there is very little internal wine production given unfavorable climatic conditions for vine growing. Vietnam has now become a prominent wine importer and wines from as far afield as Chile, France, Italy, Australia and New Zealand are all readily available.

Einat HaLevi-Levine, Director of New Export Industries from Israel’s Ministry of Economy in Vietnam has spearheaded the campaign to expose Vietnam to Israeli wine. Beginning with a wine tasting in Hanoi in 2012, a series of wine marketing events have been held around Vietnam. Reciprocal visits from Vietnamese wine import professionals were also received in Israel when they attended the Golan Heights Winery’s 30th year celebrations. Following the visit, the winery signed a distribution agreement with a Vietnamese distributor heralding the beginning of the next stage in this exciting endeavour.

As November drew to a close, an agricultural cooperation agreement was signed in Vietnam by Israeli Minister of Agriculture, Yair Shamir, and Vietnamese Agriculture and Rural Development Minister, Cao Duc Phat. The agreement was signed at a dinner party hosted by the Israeli Ministry culminating with a L’chaim over a glass of the newly imported Yarden Cabernet Sauvignon.

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Israeli paint company Tambour sold Print E-mail

Singapore based holding company, Kusto Group, has acquired Israel’s Tambour Paints from its parent company, the Azrieli Group, for a reported US$144 million.

According to a statement released by Azrieli, it received US$20 million upon the signing of the deal. Azrieli Group anticipates a US$50 million net profit on the sale of Tambour.

The Azrieli Group has decided to concentrate solely on its core business, real estate, and as such has been divesting itself of all of its non-real estate holdings, such as Tambour.

Founded in 1936, Tambour is Israel’s largest paint manufacturer and exporter. Its sales topped 110 million Euros in Europe. Based in Netanya, it specialises in the production and marketing of decorative and industrial paints.

Azrieli Group primarily operates in the development and management of shopping malls and office buildings in Israel. It owns 13 shopping malls in Israel.

(Issue July/ August 2014)

 
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