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Tuesday, September 22, 2020

Tencent shares fall over 2% after India bans PUBG game, other mobile apps

The stock traded 2.2 per cent lower at HK$533 in the afternoon, on track to snap two straight sessions of gain.

By: Reuters | Hong Kong | Updated: September 3, 2020 4:06:51 pm
PUBG in ban list, India tops downloads: Government bans 118 more apps with China linksPUBG Mobile banned in India

Shares of Chinese gaming and social media powerhouse Tencent fell more than 2 per cent on Thursday after India banned 118 mobile apps, including the firm’s popular videogame PUBG.

The stock traded 2.2 per cent lower at HK$533 in the afternoon, on track to snap two straight sessions of gain.

The list of 118 mostly Chinese apps also includes those from Baidu and Xiaomi’s ShareSave, as India stepped up pressure on Chinese technology firms following a standoff with Beijing at the border.

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