Qingdao provincial government and Infinity Group from Tel Aviv-Yafo signed a strategic cooperation agreement on March 14. Both sides will set up a scientific park and cloud computing subsidiary in Qingdao, Xinhua News Agency reported.

By the end of 2012, eight Israeli-invested projects in Qingdao had investments totaling $14.7 million. In 2012, the total volume of bilateral trade between Qingdao and Israel reached $129 million.

Founded in 1993, Infinity Group is a world-leading fund management corporation. Introducing well-developed techniques and patents, Infinity Group has set up 15 private equity funds in China.

Edited by Michael Thai, Li Xiaoliang and Gaoyuan