Tech China Post #40

Israel’s Ministry of Economy and Industry partners with fund to funds investment firm ShengJing Group to bring select Israeli companies to China to expand in that market. ShenJing group has invested significant amount of venture capital in Israel.

After opening the AI lab in Silicon Valley in 2016 and launching the Apollo AI venture capital fund a few weeks ago, Baidu is opening another lab focused on autonomous vehicles and internet security.

Alipay is already integrated with many gas stations in China. Now, the company is planning to roll out close to fully automated gas stations in China that are largely operated with robots.

Alibaba acquired EJoy, a gaming company in China, to launch its gaming division. China has one of the largest gaming markets in the world and also has been an earlier adopter of VR/AR technology in gaming.