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The Business Love Affair Between Israel and China Continues

Israeli Company Lexifone to Open Development Centre in Changzhou

By: David Shear
Published: May 29th, 2013 in Business » World

Another Israeli business is in the midst of planning on doing business in China.

Ike Sagie, the Founder of Lexifone, an Israeli company that created automatic translations during phone conversations, signed a memorandum of understanding earlier this year with Changzhou Vice Mayor Fang Guoqiang in Tel Aviv.

Changzhou has actively been busy these days building business relationships with Israeli startups and established companies for the past two years in cooperation with the PTL Group, founded in 2000 to help Israeli companies with logistics, manpower and financial services in the vast Chinese market.

“We intend to continue and expand cooperation with Israeli technology companies, to establish a complete Chinese-Israeli Technology Park in Changzhou,” said Guoqiang who also joke that Start-Up Nation, the book that chronicles Israel’s success with start-ups should be revised and called “Dragon City”.

Lexifone’s software already works in Chinese (as well as English, German, French, Portuguese, Russian, Spanish and other common languages), but the founders are eager to fine-tune its fluency to better facilitate transnational calls for the increasing number of people doing business with China.

“The entire world is trying to get into this field, including IBM, Lucent and Microsoft, but it’s very demanding in terms of technology,” says Lexifone VP for business development Itay Sagie, Ike’s son.

Chinese officials visit Israel four or five times a year to encourage continued cooperative ventures.

“There is a lot of activity,” says Shalgo. “The local government announced [Changzhou] as an Israeli-China development area. It looks promising.”

Related articles: Business, Israel, China, Lexifone, Changzhou, PTL Group
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