Internet security market draws overseas firms

The Chinese internet security market is expanding rapidly, riding the crest of the wave of now overwhelming use of mobile devices by consumers, attracting in the process new overseas players who are coming to the country with high hopes for success.

IT security company ESET, based in the heart of Europe in Bratislava, Slovakia, is one of these ambitious players. Established in 1992 and known for its anti-virus and firewall products such as ESET NOD 32, the company is thinking of setting up offices in China in the near future to better serve the local market, according to Lukas Raska, chief operating officer of ESET Asia Pacific.

"Even though the global internet security market declined last year due to the contraction of personal computers, we still managed to reach 15 percent annual growth rate in China in 2015, which was higher than the industry average," he said.