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

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

FILE PHOTO: People walk past a Tencent sign at the company headquarters in Shenzhen
 People walk past a Tencent sign at the company headquarters in Shenzhen, Guangdong province, China on Aug 7, 2020. (File photo: REUTERS/David Kirton)

HONG KONG: Shares of Chinese gaming and social media powerhouse Tencent fell more than 2 per cent on Thursday after India banned 118 mobile apps, including the firm's popular videogame PUBG.

The stock traded 2.2 per cent lower at HKUS$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.

Source: Reuters

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