|Tencent has lost about $34 billion in two days, says statistics|
Tencent Loss of Billions Prior to Ban in India
Tencent has lost about $34 billion in two days which perhaps is a huge loss for the company. India banned many Chinese apps that contribute to the company’s loss. Some PUBG players in India have spent thousands of rupees to buy Royal Passes to get rewards. For the last days, Tencent’s PUBG Mobile and PUBG Mobile Lite have been removed from smartphone stores; both Android and iOS.
|Source: Hong Kong Stock Exchange|
The disputed border issue between India and China has led to the ban. Considering the serious threat to national sovereignty and integrity, Tencent’s PUBG Mobile is now banned in India by the government. Currently, the most played smartphone game PUBG Mobile has 30 million-plus daily active users. India is a huge market for PUBG Mobile which is an online multiplayer battle royal game developed and published Bluehole.
Also Read This Detailed Piece: Top 5 Alternatives Games for PUBG Mobile
We all know Tencent’s PUBG Mobile is a product of a South Korean company but Tencent is a Chinese body. Therefore, PUBG Mobile has decided to break the partnership with Tencent Games and connect with Gameloft, Activision studios, etc.
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