Tencent’s overseas ambitions face opposition from India: report

Tencent’s overseas ambitions face opposition from India: report

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  • India blocked a popular battle royale format game Tencent Holding Ltd TCEHY supports Krafton Inc on data sharing and mining concerns in China, Reuters reports.
  • India has removed the Battlegrounds Mobile India (BGMI) app alphabet inc WELL Google Google play store and Apple Inc AAPL App Store on July 28th.
  • Also read: Sea’s Management investors sense more trouble after India’s ban sparked a sell-off
  • The removal of BGMI, which had over 100 million users, follows the 2020 ban of another Krafton title, PlayerUnknown’s Battlegrounds (PUBG).
  • The crackdown on PUBG was part of India’s ban on over 100 Chinese-origin mobile apps following a months-long border standstill.
  • The ban expanded to cover 300+ apps including Sea Limited SE popular gaming app “Free Fire”.
  • The Chinese gaming company focused on overseas Expansion to beat the heat of domestic regulatory crackdown.
  • Chinese gambling companies breathed a sigh of relief as the country implied signs of ease its sweeping crackdown on the sector.
  • Price promotion: TCEHY shares traded 1.05% lower at $40.50 on the last check Friday premarket.



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