Photo: Entrackr

India's PUBG Ban: Tencent's Market Value Goes Down by $14 Billion

On September 3, Tencent lost USD 14 billion in market value and its share fell by 2%. The losses were seen as an effect of India's ban on PUBG on September 2. Tencent, one of China's biggest gaming company, owns the mobile version of PUBG. India is PUBG mobile's largest market with over 175 million installs. The move came as a result of the rising border tensions between India and China.

Fri, 04 Sep 2020 - 03:07 PM / by Sneha Ramesh

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