Kazakhstan QIC Delegation Visits IBI’s Toodudu
On December 9, a delegation led by Yernur Baigerdiyev, Vice Chairman of the Management Board of Kazakhstan Investment Corporation (QIC), visited Toodudu, an industrial internet platform under IBI (Beijing United Information Technology Co., Ltd.). The delegation held in-depth discussions with Liu Zhai, Senior Vice President of IBI and CEO of Toodudu, focusing on enhanced cooperation between China and Kazakhstan in areas including the digital economy, cross-border development of industrial clusters, and green energy, with a shared goal of exploring new opportunities for high-quality Belt and Road cooperation.
During the visit, the delegation toured IBI’s Digital Economy Exhibition Hall and spoke highly of the operating model of the Duoduo platform matrix, IBI’s cross-border industrial cluster strategy, and the practical application of IBI Cloud technologies.
Founded in 2007, QIC is a key private equity investment institution under Baiterek National Management Holding of Kazakhstan. Its core mission is to promote sustainable and diversified growth of Kazakhstan’s non-resource-based economy by developing the country’s private equity ecosystem. QIC focuses on priority sectors such as healthcare, agriculture, green energy, and high technology. Through its 18 private equity funds, QIC provides capital support to enterprises ranging from startups to major backbone companies, having invested in more than 120 projects to date with substantial total capital under management.
During the discussions, Yernur Baigerdiyev stated that, as a key participant in Kazakhstan’s private equity market and a driver of national economic development, QIC’s primary task is to attract international capital and best practices to jointly invest in industries of strategic importance to the country’s future. He noted that QIC’s strengths lie in its deep understanding of the local market, its comprehensive fund network, and its close alignment with national development strategies. Kazakhstan is actively advancing digital transformation and green economic development while creating a favorable investment and business environment for partners, including Chinese enterprises. Given that Toodudu has already established a local subsidiary and commenced operations in Kazakhstan, he expressed hope that QIC could leverage its capital and industrial network to pursue pragmatic cooperation with Toodudu on specific projects, jointly identifying and investing in high-potential local Kazakh enterprises.
Liu Zhai remarked that, as a listed industrial internet company, IBI has established a business structure featuring industrial e-commerce as its first growth curve, industrial digitalization as its second growth curve, and cross-border industrial cluster e-commerce as its third growth curve. At present, the company is strongly advancing its third growth curve by accelerating cross-border expansion of industrial clusters. IBI places high strategic importance on Central Asia and the Kazakhstan market, having already set up Toodudu Kazakhstan to actively promote cross-border circulation of products such as chemicals and automotive equipment, and to serve as a bridge for cooperation between Chinese and Kazakh enterprises. She noted that IBI aims to further deepen localized operations in Kazakhstan by leveraging existing infrastructure such as the “dual-warehouse model in both countries,” integrating China’s mature industrial internet experience with Kazakhstan’s industrial development needs. She also expressed IBI’s willingness to establish cooperation with QIC to jointly explore innovative “industry + capital” models, and to develop benchmark projects in areas such as new energy and digital supply chains, thereby injecting new momentum into the high-quality joint construction of the Belt and Road Initiative.
Participants in the meeting also included Nurjan Bais, CEO of QIC’s wholly owned subsidiary BglobalVentures Ltd.; Saken Mukhamejanov, Director of Private Equity Investments; Meruyert Nurpeisova, 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 the General Manager; Wang Lun, Deputy Director of the Office; An Shen, Senior Vice President of Toodudu and General Manager of Zhiyun; Xu Jian, Executive President of CNAUTO; Chen Haoyuan, Vice President of Yidoodoo; and Shao Mengxi, Head of Strategic Investment at IBI and Risk Control Director of Honghu Zhiyuan Investment.
