Thursday 17 April 2014

Tech titans in China: not afraid of bugs, hackers

Cyber security has once again made headlines in recent days. In China, the world’s fastest-growing internet market, online companies are gearing up to protect themselves against cyber attacks and also to cash in. 

In the run-up to the Global Mobile Internet Conference in Beijing from May 5 to 6, the debate around cyber security in China is heating up yet again.

Buzz words like mobile finance, cloud computing and smart software are on the agenda, but trumping everything else will probably be discussions about how to protect one’s online business.

Perfect World, a China-based online games company and Nasdaq-listed, said at a press conference for the event it keeps innovating despite recent threats.

"We always keep a very rich, very deep pipeline. In China, we have about 10 new games coming up in the next few quarters. Internationally also, especially in the mobile area, we have at least 4 or 5 different games either launched or ready to be launched." Robert Xiao, CEO of Perfect Wrold said.

Xiao also said that neither bugs nor hackers can sour his game.

"Number 1, we engage in state-of-the-art technology, our product is designed not only to provide security but also to protect the product itself. So we have all kinds of networks or mobile network oriented technologies to number 1, protect intellectual property, and number 2, the privacy of the consumers." Robert Xiao said.

The number of internet users in China last year crossed the 600 million mark. China’s netizen population - the world’s largest - grew to 618 million in 2013, figures showed, growing by more than 53 million new internet users compared to 2012.

"With the rise in cyber attacks, Trojan horse viruses and zombie programs, internet security firms in China are spotting a huge business opportunity to gain new customers and push up their revenues."

Earlier this year, the Chinese government said it will beef up internet security and set up a new central working group led by President Xi Jinping.

It followed reports that the American government spied on the Chinese telecom Huawei, and disputes with the United States over cyber attacks and national security leaks erupted.

Source: CCTV

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