Cybersecurity company Kaspersky keen on Chinese market

Russian cybersecurity company Kaspersky is eyeing vast opportunities in China's industrial sector, driven by the country's strong manufacturing base and fast-evolving digital economy, said its top executive.

"China is a global manufacturing hub. The opportunity here is immense with countless Chinese companies developing various internet of things (IoT) devices, creating a huge demand for industrial cybersecurity," said Eugene Kaspersky, CEO of Kaspersky, which operates in about 200 countries and regions.

"Kaspersky has shown strong performance in our 'to personal consumers' segment in the Chinese market and we are ramping up efforts developing new products for businesses, especially in the industrial sector in the country, to capitalize on the vast opportunities presented by the country's digital transformation," he said.