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Tencent Loses $14 Billion In Market Value After PUBG Ban In India

by OB Bureau
September 3, 2020
in Tech
Reading Time: 1 min read
Tencent Loses $14 Billion In Market Value After PUBG Ban In India
491
SHARES
1.4k
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Hong Kong: China’s gaming and social media powerhouse Tencent’s shares fell by more than 2 per cent on Thursday after India banned its popular game PUBG and 117 other mobile apps.

The market value of this drop is estimated to be around USD 14 Billion.

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India banned these apps as a reaction to the standoff at the border.

PUBG had over 50 million active users in India.

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