Founder Technologies Establishes Israeli Subsidiary

November 9, 2014 | A subsidiary of Founder Group, one of China’s biggest companies, Founder Technologies, will open up a subsidiary in Israel, according to reports. In documents filed by the company with local regulatory authorities, it was outlined that the company will found a company in Israel called FounderTech (Israel) Limited. The company will officially belong to Shanghai Founder Technology and will concentrate on providing smart city solutions. According to the company, the staff will be hired locally, reaching out to local Israeli startups to develop their technology and seek out solutions.