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Kheireddine Batache
Thursday 3 May 2018 Last update on Thursday, May 3, 2018 At 8:30 AM

Jack Ma, the Chairman Executive Officer (CEO) and founder of e-commerce Chinese giant Alibaba, visited Israel where he met with Prime minister Benjamin Netanyahu.

Israel’s prime minister Benjamin Netanyahu and Alibaba’s CEO Jack Ma.

This week, Israel is being paid a visit from Alibaba’s charismatic CEO’s Jack Ma, accompanied by 35 senior executives. This came in the framework of a business trip that brought them to meet with Prime minister Benjamin Netanyahu and Minister of Economy and Industry Eli Cohen.

In addition to the official meetings, the agenda of the delegation started with a courtesy visit to the offices of venture capital fund Jerusalem Venture Partners (JVP). Jack Ma also came from Alibaba’s recently opened Israel development centre, which is based on its acquisition of Israeli QR code startup Visualead last November.

In October last, Alibaba announced plans to set up an Israeli research hub as part of a worldwide program aiming at creating seven R&D centres. According to the Jerusalem Post, The Tel Aviv office will focus on disruptive technologies such as computer vision, along with possibly delving into fields like data intelligence, the Internet of things, fintech, quantum computing and human-machine interaction, according to a company statement at the time.

To bring the visit to a close, A business forum with Israeli investors will be held today at the Israel Museum. On Thursday afternoon,  Jack Ma will receive an honorary doctorate from Tel Aviv University.

It is worth noting that In 2016, Chinese investments into Israel reached a record of 16, 5 billion dollars. Founded in 1999, Alibaba Group reported an annual revenue of 23, 8 billion dollars in 2017.

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