KASPERSKY CHINA SUFFERS FROM SLIDING OPERATING REVENUES

AsiaInfo Services
06-29-2011
Kaspersky China Suffers from Sliding Operating Revenues

BEIJING, Jun 29, 2011 (SinoCast Daily Business Beat via COMTEX) -- Kaspersky yesterday launched 2012 Internet Security and anti-virus software. At the release conference, the company's managing director for Asia Pacific Region Zhang Lishen told reporters that its operating revenues fell 60% in China Region in recent year, affected by the free policy kicked off by its Chinese peers.

In the past, China Region accounted for 65% of the operating revenues got by the Asia Pacific Region of Kaspersky while the proportion has by far sunk to around 25%.

In contrast to the lofty tone of its Chinese peers, Kaspersky tends to be reserved. Zhang points out that the company's top priority in China is still research and development. The R&D center to be built up in Shanghai next week will focus on localization of its products.

Talking of the free policy of Qihoo 360, a top executive of Kaspersky believes that free policy could not support the long-term operation of Internet security companies, since the R&D costs of anti-virus software are rather high.

Source: www.163.com (June 29, 2011)

KEYWORD: BEIJING INDUSTRY KEYWORD: Internet & Online Services & Media SUBJECT CODE: Internet & Online Services
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