Baiterek National Managing Holding and QIC Explore Partnership Opportunities with Leading Chinese Technology Companies

From June 9 to 12, 2025, a delegation of Baiterek National Managing Holding, headed by Deputy Chairman of the Management Board Timur Onzhanov and representatives of the subsidiary Qazaqstan Investment Corporation JSC (QIC), paid a working visit to the People’s Republic of China. The purpose of the trip was to discuss strategic partnerships with major Chinese technology companies and explore prospects for establishing a joint direct investment fund.

A key meeting took place in Beijing with the leadership of EWPartners, one of the leading private equity firms in Asia. The negotiations were attended by EWPartners founder and managing partner Jerry Li, managing partners Cliff Chau and Niklas Ponnert, and investment partner Minhua Shao. The parties discussed QIC’s potential participation in a direct investment fund focused on Kazakhstan’s priority sectors, including logistics, infrastructure, financial technologies, and automation.

The delegation also visited EWPartners’ portfolio companies, including Leshines (a Lenovo subsidiary), where they discussed the company’s potential entry into the Kazakhstani market; QAX, with whom cooperation in cybersecurity and digital transformation was discussed; and Vimicro, which presented its developments in microchips and computer vision systems.

In Shanghai, negotiations were held with Shanghai State-owned Capital Investment Co., Ltd., which specializes in asset management in the technology and industrial sectors and the development of direct investment funds. The delegation was introduced to the technological solutions of Quicktron (logistics robotics), Synyi (intelligent medical systems), and Agibot (humanoid robots and AI-based solutions).

“The initiatives discussed today with EWPartners and other leading Chinese companies could provide a significant boost to the development of Kazakhstan’s technology sector. We are ready to support the attraction and localization of advanced solutions in the Kazakhstani market,” emphasized Timur Onzhanov.

The visit contributed to the establishment of strong ties with leading Chinese companies. Based on the meetings held, the parties will continue working on QIC’s potential participation in a direct investment fund managed by EWPartners, including the possible localization of technological and logistics solutions, R&D, and production components in Kazakhstan.