Last remaining seats to the Jpost 2017 Annual Conference! Get your special offer now

Lexifone to open development center in China

By
March 20, 2013 23:37

Changzhou, China, a city outside Shanghai, inked a deal with the Israeli software firm Lexifone to open a development center in China.

Dr. Ike Sagie and Mr. Huang Jian Ming from Changzhou

CHANGZHOU DEPUTY MAYOR Fang Guoqiang. (photo credit:Courtesy)

In its continued charm offensive toward the Israeli start-up scene, Changzhou, China, a city outside Shanghai, inked a deal Tuesday night with the Israeli translation- software firm Lexifone to open a development center.

Lexifone’s software provides the computer equivalent of having a live translator automatically listening to, translating and speaking conversation in real time, a boon for businesses trying to cross international lines.



Be the first to know - Join our Facebook page.


Though the software already includes Chinese, the new center will hire a slew of linguists to sharpen the translation to help provide more fluent translation.

“China has in recent years become a great economic power, and the language barrier is still a difficulty in international business,” Lexifone CEO Ike Sagie said.

The development center will work under the supervision the company’s Haifa research and development center.

The agreement was signed during a visit by a Changzhou economic delegation to Israel headed by Deputy Mayor Fang Guoqiang.

He praised the thriving business relationship in telecommunications, medical equipment, pharmaceuticals, software and alternative energy.

“Within the next three years, I also foresee significant growth in cooperation in areas such as IT, biotechnology, biopharma, agricultural technology and more, all with strong encouragement from the local government in Changzhou,” Fang said.

The city, which is hoping to become the “silicon valley” of China, has dedicated a fund with a $150 million annual budget toward furthering investment, economic cooperation and business ties with Israel and other international tech leaders. In 2011, the city signed an agreement with the PTL Group, an international management company, which facilitated the Lexifone deal, to create an incubator for Israeli companies there.

Fang said he is working toward building an Israel- China technology park in Changzhou.
Relevant to your professional network? Please share on Linkedin

Tags:
  • Israel news
  • china
  • Share this article via
    from around the web
    Related Content
    The Teva Pharmaceutical Industries
    April 30, 2015
    Teva doubles down on Mylan, despite rejection

    By GLOBES, NIV ELIS

    Top Stories
    Israel Weather
    • 13 - 30
      Beer Sheva
      14 - 24
      Tel Aviv - Yafo
    • 13 - 26
      Jerusalem
      16 - 23
      Haifa
    • 22 - 35
      Elat
      16 - 32
      Tiberias