Qi An Xin

Qi An Xin

Qi An Xin is a security provider dedicated to protecting critical and valuable internet assets in a wide range of areas.

HQ location
Dongcheng District, China
Launch date
Employees
Market cap
$3.5b
Enterprise value
$3.7b
Share price
CNY40.34 688561.SS
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DateInvestorsAmountRound
-investor

€0.0

round
N/A

€0.0

round
N/A

€0.0

round
investor

€0.0

round

$210m

Valuation: $3.0b

Growth Equity VC
Total Funding000k

Financials

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Revenues, earnings & profits over time
CNY20202021202220232024
Revenues00000000000000000000
% growth-40 %7 %4 %(32 %)
EBITDA00000000000000000000
% EBITDA margin(2 %)-10 %12 %(12 %)
Profit00000000000000000000
% profit margin(8 %)(10 %)1 %1 %(32 %)
EV00000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x
R&D budget00000000000000000000
R&D % of revenue30 %30 %27 %23 %32 %

Source: Company filings or news article

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Qi An Xin Technology Group Inc., founded in 2014, operates as a prominent cybersecurity firm based in Beijing, China. The company was established by Qi Xiangdong, a seasoned entrepreneur with prior success in the cybersecurity domain, having co-founded Qihoo 360. His journey includes serving as an executive at New China News Agency, co-founding 3721, which was later acquired by Yahoo, and then co-founding Qihoo 360, where he managed the enterprise security business before spinning out Qi An Xin. Originally the enterprise security division of Qihoo 360, Qi An Xin separated in 2019 after China Electronics Corporation (CEC) took a strategic stake, positioning it as a key national player in cybersecurity.

The firm provides enterprise-grade cybersecurity products, services, and solutions to a diverse client base that primarily includes government agencies and corporate customers across various sectors like finance and critical infrastructure. A significant portion of its revenue is derived from government, public security, and military contracts. The business model leverages both direct sales and channel partnerships to distribute its offerings. Revenue is generated through the sale of hardware and software products, as well as subscription-based security services, consulting, and threat intelligence.

Qi An Xin's product portfolio is comprehensive, addressing infrastructure security, next-generation IT infrastructure protection, and big data security detection and management. Key offerings include a situational awareness platform, a big data security analysis platform, and systems for border and terminal security. The company has developed its own security engines and frameworks, such as the TianGou security engine and the "endogenous security" concept, which emphasizes building security into IT systems from the ground up. A substantial commitment to research and development, with nearly a third of its workforce dedicated to R&D, allows the company to address emerging threats from cloud computing, IoT, big data, and 5G. This focus on innovation was highlighted by its role as the official cybersecurity services sponsor for the Beijing 2022 Winter Olympics, where it achieved a "zero incident" record.

The company went public in July 2020, listing on the Shanghai Stock Exchange's STAR Market. This move provided significant capital to fuel further expansion and R&D. Qi An Xin has also made strategic acquisitions, such as Netentsec and Legendsec, to bolster its capabilities. While its primary market is mainland China, the company has expanded its operations internationally to serve Chinese enterprises abroad in regions like Southeast Asia, the Middle East, and Africa, with a growing presence in Hong Kong.

Keywords: cybersecurity, enterprise security, network security, threat intelligence, big data security, security analytics, situational awareness, government security, critical infrastructure protection, endpoint security, cloud security, IoT security, security-as-a-service, zero trust security, security operations, threat detection, incident response, network defense, data security protection, Qi Xiangdong

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