Kaspersky on secure footing in China biz

Russian cybersecurity giant seeks to expand with stronger local ties

Russian cybersecurity giant Kaspersky has defied broader industry challenges to post robust growth in China, citing a 20-30 percent annual revenue surge over the past five years and touting its potential in the world's second-largest economy as global cyberthreats escalate.

Alvin Cheng, general manager for China unit at Kaspersky, told China Daily that the annual growth of 20-30 percent of Kaspersky's China business outperformed the nation's overall cybersecurity market growth of 9.2 percent projected by research firm IDC for 2023-28.

Cheng attributed the momentum to booming demand for cross-border threat intelligence solutions and localized adaptations, including compatibility with China's domestically developed operating systems, as well as the country's burgeoning digitalization process.