Chinese internet firms Tencent (0700.HK), Baidu (Nasdaq: BIDU), and Kingsoft (3888.HK) announced today that they had jointly established China's largest database of fraudulent websites as a joint mechanism for combating online fraud and providing a security solution for internet users.
Kingsoft VP Chen Yong said that the anti-fraud database processed reports of fraudulent websites according to a three-stage process. First, Baidu and Tencent submit suspicious websites to Kingsoft. Next, Kingsoft's Cloud Security service center will analyze and confirm the reports, adding the site addresses to the database upon confirmation. Finally, Baidu and Tencent will connect to the database through Kingsoft's Cloud Security API ports to make use of the information in their products.