China’s Kuang-Chi Launches Israel Fund

May 1, 2016 |Chinese corporation Kuang-Chi is launching an international innovation fund based in Israel to invest in companies worldwide. The “Kuang-Chi GCI Fund & Incubator” will be the first Chinese fund of its kind, combining investment in early to mid-stage Israeli and global companies with incubation by Kuang-Chi. The newly established fund has an initial $50 million and is planned to grow to $300 million within the next three years. Founded in 2010 by five distinguished Chinese scientists who returned to China after earning advanced degrees at Duke, Oxford, and Cambridge universities, Kuang-Chi is a global innovation group with operations from China to North America, Europe, Africa and Oceania. Acting through public companies, private holdings and research institutes, the group’s value exceeds $10 billion.