Recently, China has declared that its planning to ban the foreign security vendors to sell their products to government agencies. Symantec crop, a security software maker company, denied this news. The company is persistently that, it’s still on the list of anti-virus vendor suppliers of China
The official ruling communist newspaper, The people’s daily has announced that government agencies has eliminated Symantec and Kaspersky from their list. The newspaper also mentioned the names of the companies which got approval for anti-virus vendor software. . The names are Qihoo 360 Technology Co, Venustech, CAJinchen, Beijing Jiangmin and Rising.
Kaspersky- the world’s largest private vendor of software security protection products has officially admitted the fact that Beijing has limited its list of suppliers only to the Chinese companies because of which they are not in their list of suppliers anymore. Furthermore, the company added that this decision of the cancellation of endorsements is not yet permanent. Whereas, this constraint is merely for the national level companies whose funds are furnished by the central government procurement budget.
Symantec in a report stated that this list which has been shown on the Chinese media has only affected a few of their products. Moreover, the company is inquiring the media report and is quite certain that they will get the Chinese government project in the future as well. Symantec shares stopped at 1.7 percent at $23.56 on the Nasdaq. The Nasdaq composite Index increased 0.72 percent.
