PUBG ban can cause total loss of a MASSIVE Rs 5,000 cr for China, Tencent loses $14 bn in market value
Indian government’s decision to ban PUBG has hit Tencent games very hard with the company losing as much as 14 billion in market value after its shares fell 2% on Thursday, snapping two straight sessions of gain. Notably, India is PUBG Mobile’s biggest market, accounting for roughly 175 million installs.
Though PUBG was created by a South Korean gaming company, Tencent, one of China’s biggest gaming companies, bought its mobile version. The