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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

Topics
PUBG | PUBG mobile | Tencent Holdings

Reuters  |  HONG KONG 

pubg, chinese companies, apps, games, mobile, smarphones
The list of 118 mostly Chinese apps also includes those from Baidu and Xiaomi's ShareSave.

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

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.)

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First Published: Thu, September 03 2020. 12:36 IST
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