Kazakhstan QIC Group Visits IBI TDD

On December 9, Yelnur Baigeldiyev, Vice Chairman of the Management Committee of Kazakhstan National Investment Joint Stock Company (QIC), visited IBI TDD. He held discussions with Liu Zhai, Senior Vice President of IBI and CEO of TDD, focusing on deep cooperation between China and Kazakhstan in areas such as the digital economy, cross-border industrial belts, and green energy, exploring new opportunities for high-quality development under the Belt and Road Initiative.

The visiting delegation toured the Digital Economy Exhibition Hall and highly praised IBI's current Duoduo platform operation model, cross-border operation strategies for industrial belts, and the technology applications and practical strategies of IBI SAAS.

QIC was established in 2007 and is a major private equity investment institution under Kazakhstan's Baiterek National Holdings. Its core mission is to promote sustainable growth and diversification of the country's non-resource economy by developing Kazakhstan's private equity ecosystem. The company primarily focuses on priority sectors such as healthcare, agriculture, green energy, and high-tech industries. Through its 18 private equity funds, it provides capital support to businesses ranging from startups to large key enterprises, and to date, it has financed over 120 projects with a substantial total capital scale.

During the exchange, Yelnur Baigeldiyev stated: "As a key player in Kazakhstan's private equity market and a driver of national economic development, QIC's current core task is to attract international capital and best practices to jointly invest in industrial projects that are strategically significant for the country's future. Our strengths lie in our deep understanding of the local market, systematic fund networks, and close alignment with government strategies. Kazakhstan is committed to digital transformation and green economic development, actively creating a favorable investment and business environment for partners such as China. TDD of IBI has already established a branch in Kazakhstan and begun operations. We hope that in the future, relying on QIC's capital and industrial networks, we can work pragmatically with TDD on specific projects and jointly select and invest in promising local Kazakhstani enterprises."

Liu Zhai stated: 'As a publicly listed company in the industrial internet sector, IBI has established a business layout with industrial e-commerce as the first growth curve, industrial digitalization as the second growth curve, and cross-border e-commerce of industrial belts as the third growth curve. The company is currently vigorously developing the third growth curve, expanding industrial cluster cross-border operations. We attach great importance to the Central Asia and Kazakhstan markets, and have established TDD Kazakhstan locally, actively promoting the cross-border circulation of products such as chemicals and auto equipment, and are committed to building a bridge for cooperation between Chinese and Kazakh companies. We hope to leverage existing infrastructure, such as the 'Two Countries, Dual Warehouses' system, to further deepen localized operations in Kazakhstan, combining China's mature industrial internet experience with Kazakhstan's industrial development needs. We also look forward to establishing a cooperative relationship with QIC to jointly explore innovative 'industry + capital' models, and to create benchmark projects in areas such as new energy and digital supply chains, injecting new momentum into the high-quality joint construction of the Belt and Road.'

Nurzhan Bais, CEO of QIC's wholly-owned subsidiary Bglobal Ventures Ltd.; Saken Mukhamejanov, Director of Private Equity Investment; Meruyert Nurpeissova, Secretary of the Investment Committee; Yu Deli, General Manager of the International Department of Foshan Urban Construction Engineering Co., Ltd.; Chen Hexin and Wang Weibing, Deputy General Managers,Wu Huqiao, Assistant to General Manager, and Wang Lun, Deputy Director of the Office; And An Shen, Senior Vice President of TDD and General Manager of Smart Transportation, and Xu Jian, Executive President of CNAUTO, Chen Haoyuan, Vice President of YDD; Shao Mengxi, Head of Strategic Investment of IBI and Director of Investment Risk Control of Honghu Zhiyuan, all participated in this roundtable exchange.