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Tencent Loses $14 Billion After PUBG Ban In India
By: Tupaki Desk | 4 Sep 2020 5:12 AM GMT
The Indian government has banned more Chinese apps including popular PUBG Mobile in the country on Wednesday. This time the government has banned 118 China-based apps.
According to reports, after the government banned the PUBG, Tencent lost $14 billion in market value and its shares fell 2% on Thursday.
Though the leading gaming application was created by a South Korean company, Tencent, one of China's biggest gaming company, brought its mobile version. PUBG Mobile's biggest market is in India with roughly 175 million installs.
Since from the debut of the game in India, it hit the news for all wrong reasons. However, it was finally banned on Wednesday evening. Reports suggest that the game has only been imposed on its mobile version, but is still available on PC and gaming console.
According to reports, after the government banned the PUBG, Tencent lost $14 billion in market value and its shares fell 2% on Thursday.
Though the leading gaming application was created by a South Korean company, Tencent, one of China's biggest gaming company, brought its mobile version. PUBG Mobile's biggest market is in India with roughly 175 million installs.
Since from the debut of the game in India, it hit the news for all wrong reasons. However, it was finally banned on Wednesday evening. Reports suggest that the game has only been imposed on its mobile version, but is still available on PC and gaming console.
