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

Updated on Sep 03, 2020 02:44 PM IST

India has 118 apps including PUBG to exert pressure on China following a standoff in Ladakh.

India’s ban of PUBG has led to Tencent shares fall by 2%.(PTI)
India’s ban of PUBG has led to Tencent shares fall by 2%.(PTI)
Hong Kong | ByReuters | Posted by: Karan Manral

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

The stock traded 2.2% 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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