Tencent Stock Plummets Following PUBG Mobile Ban in India

India has banned PUBG Mobile and 118 other Chinese apps on September 2nd. India Information Technology and Communication Department claim the apps were taking user data and giving it to the Chinese government. After the ban became official, Tencent lost $14 Billion in the market. India was 24% of PUBG Mobile’s installs, making them the biggest audience. Other apps banned by India include WeChat, TikTok, Marvel Super War, and much more.

Sources: Yahoo Finance, BBC, theopgaming

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