China’s Largest ‘Fund Of Funds’ To Operate Z-Park Liaison Office In Tel Aviv

May 6, 2018 | The new liaison office in Tel Aviv of Beijing’s Zhongguancun Science Park (Z-Park), dubbed “China’s Silicon Valley,” will be run by China’s largest global venture capital and private equity fund of funds, the Shengjing Group. Shengjing said in a statement that it recently established an Israeli entity called Shengjing Israel Ltd, which will be managed locally by Shengjing Group Director Xueling Cao. The group said it would seek growth-stage Israeli companies looking to enter the Chinese market, and will invest independently in Israeli startups focusing on a number of areas including AI, clean tech, medical tech and agriculture. The new Israeli entity will serve “as an initial base for many Chinese governments, public companies and investors seeking to do business in Israel, and for Israeli companies seeking business opportunities in China, especially in Beijing,” the group said. Shengjing began operating in Israel in 2012, investing some $100 million in the Israeli tech ecosystem through its Peakview investment arm, including in Israeli venture capital firms like Jerusalem Venture Partners, Vintage Investment Partners, Viola Group and Canaan Partners. Shengjing also operates the First China-Israel Accelerator in Beijing.