FourFourtwo has the latest on a deal to buy the Australian-based internet provider Tencent.
Read moreThe news of the deal comes just hours after Australian Prime Minister Malcolm Turnbull announced he was appointing a “digital security team” to oversee the government’s response to cyber attacks.
“We have seen unprecedented levels of cybercrime, including ransomware and distributed denial of service attacks.
The Government has a plan to protect the Internet,” Mr Turnbull said.”
I believe that there is a need for a strong and coordinated national response to the threats that the internet poses.”
Read more”Tencent has a strong track record of securing the security of its users’ data and networks and it has been an important partner in Australia’s digital security strategy,” Mr Truss said.
Tensa, which is part of the Chinese-based Tencent Group, is one of Australia ‘s most popular internet services, with over 300 million users.
It’s been a busy year for Tencent, with the company announcing that it had added 4 million new users to its network in October, making it the second largest online retailer in the world after Amazon.
Mr Truss described Tencent as an industry leader that had been “under siege” for the past three years.
“The internet has been under siege by cybercrime and there’s no doubt that a strong internet security strategy is vital to the long-term survival of the Australian economy,” Mr Trump said in a statement.
“As our country grows more digitally connected, the Government will invest more in securing our digital infrastructure.”
In July, Tencent and its parent company Tencent Holdings said it would close down its operations in the United States, where it has its headquarters, in the coming months.
The deal would see the Australian company acquire Tencent’s US operations for $US60 billion ($73.6 billion).
“We’re proud to be Australia’s biggest online retailer, and we’ve been here for over 10 years,” Mr Trudeau said.
“And we’re confident that we’re ready to take our place as the world’s leader in online commerce.”
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