Israel, the startup nation admired by Chinese entrepreneurs for its vigour and innovation, is becoming the investment destination of choice for the Chinese tech giants as these deep-pocketed companies scour the world for promising investments.

Chinese search giant Baidu and Carmel Ventures have co-led a US$5 million round in Tonara, an Israeli music education technology company, with participation from existing investors. Baidu’s Senior Director of Corporate Development, Peter Fang, will be joining Tonara’s board.

The Israeli venture capitalist Carmel Ventures closed a US$194 million financing round from a consortium including Chinese investors of Baidu, software provider Qihoo 360 and financial conglomerate Ping An.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.