Herzliya, Israel, December 2019 – Compass Ventures Group hosted in Israel a Chinese delegation, with the guest of honor being the Chairman of CETC – China Electronics Technology Group, a state-owned Chinese conglomerate with over 220 billion RMB yearly revenue, mainly focusing in the fields of communications equipment, computers, electronic equipment, software development and much more. The delegation, led by CETC Chairman, Mr. Xiong Qunli, traveled to Israel to explore new joint business opportunities between Israel and China with the objective to discover new technologies that arise from the innovative spirit of the Israeli culture within the high tech sector and several other industries.
Compass Group and IDS Group held an event in honor of the delegation. Compass invited some leaders of Israeli industries, academic institutes, investment arms, etc. The event provided the opportunity for discussion between leaders of new innovative technologies and CETC to explore the potential for future collaborations in different areas and formats.
In addition, Compass Group hosted the delegation in their hosting facility and arranged that the delegation be presented with a range of leading innovative Israeli technologies by senior Israeli business executives from different industries. Following the presentation of the companies, Compass and CETC held a meeting discussing how to move forward in technology and academic cooperation between China, Israel, CETC, and Compass.