China is the major economy to grow in 2020. China economy grew 2.3% in 2020, despite Covid-19 shutdowns causing output to slump in early 2020. The final three months of the year even got a pick up to 6.5% (1).
Coronavirus pandemic slowed down a lot of PE, listing, mergers and acquisitions activities in 2020 worldwide. However, the annual Israeli Tech Review 2020 showed that Israeli tech firms had raised a record $9.93 billion in 2020, up 27% year on year (2)!
14th Five year plan of China encourage more Chinese investment for Israeli tech firms and encourage Israel tech firms enjoy their business success through expanding their services to china. However, how these firms can expand their business during the travelling restricted pandemic time.
Virtual culture evolved during the pandemic time enable more effective virtual CFO and COO operations run in regions with different time zones!
Learning the survival skill riding on numerous virtual tech evolved during the pandemic time, China enterprises and Israel tech firms may collaborate and operate through virtual means for the synergy of success!
(1) BBC news, JAN 21 “Covid-19: China’s economy picks up, bucking global trend”
(2) The Times of Israel, DEC 20 “Israeli tech firms raise record $9.93 billion in 2020 but M&A deals plunge”
Click: Amanda Lim LinkedIn