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QAX Technology Group

Founded in 2014 by Xiangdong Qi, formerly a co-architect of Qihoo 360's internet-security empire, QAX Technology Group was purpose-built to move enterprise...

QAX Technology Group logo

QAX Technology Group

Founded in 2014 by Xiangdong Qi, formerly a co-architect of Qihoo 360's internet-security empire, QAX Technology Group was purpose-built to move enterprise cybersecurity beyond signature-based antivirus into a full-stack, AI-driven model. The firm's founding thesis — that China's government and critical infrastructure needed a domestic, verifiable security layer independent of the Wintel ecosystem — anticipated the state's decoupling mandates by half a decade. Today it operates as a publicly listed corporate investor (SSE: 688561) whose strategic center of gravity is the "PKS" architecture, where security capabilities are fused directly into China's Feiteng CPUs and Kylin operating system. QAX's deployment spans the full security lifecycle: endpoint protection through its Tianqing platform (over 40 million endpoints), network traffic analysis via Skynet threat-detection systems, cloud workload security, industrial controls protection for power grids and factories, and a growing AI-security stack led by the QAX-GPT large language model and AISOC intelligent operations platform. Confirmed client segments include the financial sector — where it runs DNS security, software supply-chain scanning, and remote-office protection for major banks — and the energy and government verticals, where its 2022 Beijing Winter Olympics engagement delivered the first ever "zero incident" record for an event of that scale. Geographically, the firm operates from its headquarters in Beijing's Xicheng District, with R&D centers in Zhuhai and a commercial hub in Hong Kong that partners with Lenovo PCCW Solutions for Security Operations Centres serving the Greater Bay Area. QAX went public on Shanghai's STAR Market in July 2020 and has sustained the highest R&D intensity in its peer group, with cumulative R&D expenditure exceeding RMB 120 billion. The group fields a workforce that includes the proprietary "Tiger Talisman" security research base, eight joint innovation labs, and the X Labs threat-intelligence unit. Adjacent vehicles include the QAX Charitable Foundation for corporate social responsibility initiatives and a family-linked philanthropic footprint — Xiangdong Qi and his spouse, Yanny Wang, are listed donors to the Holy Trinity School (HTS) Annual Fund. In 2024, QAX was one of only 14 enterprises globally to receive the World Internet Conference Outstanding Contribution Award, and in 2025 it achieved scaled deployment of its AI-driven security architecture, with the AISOC platform winning the WIC "New Light" product award for a second consecutive year. QAX's authentic structural differentiator is not its product breadth but its governed adversary status as the cybersecurity arm of China's sovereign electronics conglomerate, CEC. The 2019 strategic acquisition of a 23% equity stake by CEC transformed QAX from a venture-backed startup into a state-designated national security utility, whose R&D roadmap is co-developed with the central government's IT standardization bodies. This hybrid public-market / state-mandate model means QAX simultaneously competes for commercial enterprise contracts and fulfills compulsory security integration obligations for the nation's critical infrastructure, a dual posture that redefines what an institutional allocator should benchmark when comparing it to a Western cybersecurity pure-play.

General information

Firm type

Corporate Investor

Year founded

2014

AUM

Undisclosed

Location

Region

Asia

Country

China

City

Beijing

Corporate office

No. 1, 26 Xizhimenwai South Road, Xicheng District, Beijing, China

Additional offices

Hong Kong, SAR · Zhuhai, Guangdong

Principals

Xiangdong Qi

Chairman and Founder

Altss tracks 1 additional named team member for this firm — including direct investment leads, IR, and operating principals not listed on the public website.

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Sector focus

CybersecurityAI/MLEnterprise SoftwareIndustrial Tech

Frequently asked questions

Who runs investment decisions at QAX Technology Group?

QAX is a publicly listed operating company rather than a fund manager; strategic capital allocation and R&D investment priorities are set by Chairman and Founder Xiangdong Qi along with the board, where China Electronics Corporation (CEC) holds over 23% equity. There is no separate CIO or family-office investment committee — corporate venture and technology investments flow through the parent balance sheet and are guided by the state-partnered "PKS" architecture roadmap.

How does QAX source opportunities, and does it deploy capital like a venture firm?

QAX sources primarily through China's national IT infrastructure procurement cycles, government tenders for critical-sector cybersecurity, and co-engineering partnerships with entities operating on the Feiteng-Kylin stack. The firm's corporate venturing activity — via subsidiaries or R&D integration — focuses on acquiring or absorbing niche security technologies that can be embedded into its platform, but it does not operate a third-party venture fund or family-office-style direct investment programme.

Does QAX participate in fund commitments or only direct deals?

The firm is not structured as a limited partner in external funds. Its historical deal pattern shows minority-stake acquisitions, strategic R&D partnerships, and subsidiary incubation (e.g., NetGod, NetKang) where the objective is product-integration depth rather than financial return. Institutional allocators evaluating China's cybersecurity exposure should treat QAX as a direct operating-company investment, not as a fund-of-funds or co-investment platform.

What investment stages does QAX typically target?

QAX targets the commercial-adoption and scale-deployment stages of cybersecurity innovation. Technologies that align with China's "Xinchuang" (indigenous innovation) mandates — endpoint detection, firmware security, cryptographic modules, AI threat analytics — are integrated once they pass national certification, equivalent to a growth-stage commercialization event in a Western venture lifecycle.

How is QAX related to Qihoo 360 and Zhou Hongyi?

Xiangdong Qi co-founded Qihoo 360 with Zhou Hongyi before departing to establish QAX in 2014. The two firms share a lineage in China's internet-security boom but remain operationally distinct: Qihoo 360 is a consumer and enterprise security conglomerate, while QAX is positioned as the state-sanctioned cybersecurity utility for government and critical infrastructure, with CEC as its controlling strategic shareholder.

What is QAX's known posture on co-investments alongside external GPs?

QAX does not maintain a disclosed co-investment program for external GPs. Its partnership model — exemplified by the Lenovo PCCW Solutions relationship in Hong Kong — is structured as an operational joint venture for managed security services, not as a syndication vehicle. Foreign allocators seeking blended public-private security exposure in China often access QAX directly via the STAR Market listing (688561).

Does QAX maintain philanthropic structures, and how are they separated?

Yes, the firm operates the QAX Charitable Foundation, which focuses on corporate social responsibility, and the Qi family separately supports educational philanthropy — Xiangdong Qi and his spouse Yanny Wang are donors to the Holy Trinity School (HTS) Annual Fund. The philanthropic activities are structurally walled off from the listed public company's R&D and security-operations balance sheet.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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