Qingdao to cooperate with Israeli corporation
( chinadaily.com.cn )
Updated: 2013-03-15
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Qingdao provincial government and Infinity Group from Tel Aviv-Yafo signed a strategic cooperation agreement on March 14. Both sides will set up a scientific park and cloud computing subsidiary in Qingdao, Xinhua News Agency reported.
By the end of 2012, eight Israeli-invested projects in Qingdao had investments totaling $14.7 million. In 2012, the total volume of bilateral trade between Qingdao and Israel reached $129 million.
Founded in 1993, Infinity Group is a world-leading fund management corporation. Introducing well-developed techniques and patents, Infinity Group has set up 15 private equity funds in China.
Edited by Michael Thai, Li Xiaoliang and Gaoyuan
