Companies and trade in Kazakhstan, Central Asia and China
I'm Chingiz, a student from Kazakhstan. Here I publish my own research on companies and trade in Kazakhstan, Central Asia and China, built on annual reports and official statistics. Every report ends with what I think.
Research
All research →Oct 2026
Companies
Bigger but Less Profitable: Kaspi.kz after the Hepsiburada Acquisition
Revenue up 60%, net income up 1%: what the Turkish deal did to Kaspi's margins.
Oct 2026
Trade
Raw Materials Out, Machines In: Kazakhstan's Trade with China, 2020–2025
Trade more than doubled in five years, and a surplus turned into a $3.7 billion deficit.
Chart
Kazakhstan–China trade turnover, $ billion