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

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

pubg, chinese companies, apps, games, mobile, smarphones
The list of 118 mostly Chinese apps also includes those from Baidu and Xiaomi's ShareSave.
Reuters HONG KONG
1 min read Last Updated : Sep 03 2020 | 12:46 PM IST

HONG KONG (Reuters) - 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.

 

(Reporting by Donny Kwok; Editing by Muralikumar Anantharaman)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :PUBGPUBG mobileTencent Holdings

First Published: Sep 03 2020 | 12:36 PM IST

Next Story