The Chinese government started taking #cybersecurity very seriously. Therefore, it has put in place a series of strict laws. For instance, the fines for business who violate the respective laws have been significantly raised. From now on, all those who want to resume their business in #China in accordance with the local legal requirements must ensure that all IT-systems, websites, and apps meet the necessary security criteria.
This development is particularly beneficial for the Chinese cybersecurity industry, which has had a rather neglected standing in the past. Chinese companies such as Venustech, Qi Anxin or Nsfocus Technologies are flourishing. Investors are speaking of one of the last big booming phases of the internet industry – with the respective opportunities for profit. Source: it-business.de