Jack Ma, Founder of Alibaba looks for opportunities in Israel

Jack Ma, Founder and Chairman of the Board of Directors of the Alibaba Group, who is currently on a visit to Israel, met with Minister of Economy and Industry Eli Cohen and his senior staff including Chief Scientist and Chairman of the Innovation Authority Dr. Ami Appelbaum, , Director of the Foreign Trade Administration Ohad Cohen and others at a special event held at the Eretz Israel Museum in Jerusalem.
The Minister of Economy and Industry and senior officials of the Ministry presented the Israeli innovation, the various possibilities that Israel offers to investors, and how the government and the private sector cooperate in favor of creating the 'nation of innovation'. The Minister of Economy and Industry gave Jack Ma the innovation book of the Innovation Authority and the Ministry of Economy in honor of 70 years of innovation, combining the 100 products that represent the best of Israeli technological innovation, which have caused significant changes in the global market. The products included in this book were selected from a long list of inventions from a variety of industries and fields that have been developed and developed throughout the years of the State's existence. Such as solar water heater, drip irrigation, water desalination, digital printing, disk onkey, instant messaging software, dellacene, copaxone, stent, Iron Dome, Arrow missile and many other ideas and inventions.
This is the largest delegation of the Alibaba Group on a business visit outside China, which includes the 40 senior managers of the Group's subsidiaries; Vice president of Taobao, China's largest private e-commerce (C2C) company with more than 500 million users, vice president of Ant Financial, which operates the largest online payment service in China with more than 520 million users through the Alipay platform others.
This is the largest delegation of the Alibaba Group that has made a business visit outside of China, headed by Jack Ma, a testament to the importance that the Group attributes to the business opportunities in Israel. The leaders of the delegation came to be impressed by Israeli innovation and knowledge, after the company was already involved in the Israeli market and after making a number of investments in Israeli companies, including the acquisition of Visualead, which developed a system that effectively upgraded the QR codes worth tens of millions of dollars, Dollar company in Lumus, which provides smart lenses for laminated reality glasses and a $ 6 million investment in TWIGGLE, which developed a smart search engine for online shopping sites.
The Alibaba Group is now the largest e-commerce company in China and worldwide, larger than Amazon and eBay. Alibaba owns nearly 80% of the E-commerce market in China. The company has about 420 million people using its online trading arena every month.