Hengqin New Area stepped closer to becoming a Greater Bay Area node for a "Cyber Security Brain" last week as 360 Cyber Security Science & Technology was established there with registered capital of 1 billion yuan ($154 million).

A wholly owned subsidiary of Beijing-based 360 Security Technology, the enterprise is to take part in cyber security monitoring, warning and response, medical treatment and insurance, pharmaceuticals, space security, community safety, port, and traffic. It will engage in internet security services, Internet of Things applications, information security equipment sales, artificial intelligence (AI) public service platforms, blockchain technology, and big data.

Zhou Hongyi delivers a speech at Macao-Zhuhai Entrepreneur Summit 2020 [Photo by Li Changxuan / WeChat account: zhuhaifabu]

In addition, it will develop software related to internet and information security and AI theory and algorithms, according to Tianyancha App, a large data technology service company with a vast repository on Chinese enterprises.

An agreement was signed between 360 Security Technology and the Zhuhai Municipal People's Government on Sept 16, 2020 to advance cooperation in the construction of secure and "smart" cities.

Zhou Hongyi, founder and chairman of 360 Security Group, said they want to participate deeply in the overall plan, design, integration, and operation of Zhuhai as a Security City. 360 will support integration of the cyber security industry with other pillar and strategic industries in Zhuhai.

A pivot, platform, and hub of deepening Guangdong-Macao cooperation, Hengqin must stand at the height of national strategy and forefront of information technology to develop the digital economy and excel in cyber security, Zhou said at the Macao-Zhuhai Entrepreneur Summit 2020 last December.