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Zhao Yu: VP of Bangcle at TechCrunch Shanghai

Speaking on stage here in Shanghai, Zhao Yu, vice president of mobile app security solutions service Bangcle, opened his speech by nothing that app has become the largest carrier for malware with more than 300,000 apps infected by virus.

The most common problems encountered by app developers include pirate, data tampering, and copycat. Bangcle offers two core services of channel monitoring and app protection to address these problems.

Channel monitoring service helps developers to spot security problems in their apps by releasing distribution channel monitoring reports, while app protection warns developers against potential copycat and data tampering risks.

With special focus on technology, Bangcle now has a 30-member team after its establishment in 2010. Major customers of the company are domestic financial institutions and international gaming companies.

Bangcle provides app protection service to more than 6,000 developers, safeguarding more than 38,000 apps and nearly 300 million mobile users, Zhao added.

Kan Zhigang, CEO of the company, previously predicted that the market size of mobile app security industry will reach 1 billion by 2015.

The company raised tens of millions of dollars in Series B financing from Redpoint and IDG in April this year. The latter is also the Series A investor that injected US$10 million in it in August 2010.