The Chinese Internet security market will become increasingly competitive with newer players such as Baidu and Tencent entering the scene as they look to capitalize on the rise in malware targeting mobile devices.
A China Daily report Tuesday cited Chen Yong, vice president of Kingsoft security, saying that more threats could target mobile devices such as smartphones and tablets in the future, while PCs will see declining attention by cybercriminals.
This is a primary driving force for Internet giants such as Baidu and Tencent to step up their efforts to enter the security market, he noted.
"The number of security threats targeting PCs is declining, but the number of antivirus providers has been growing rapidly over the years," Chen said. Kingsoft Security was one of the country's earliest antivirus vendors.
Tencent, for example, invested US$114.5 million in Kingsoft to boost its online security offerings in July 2011. This tie-up also included an undisclosed investment in Kingsoft's subsidiary--Kingsoft Internet Security Software.