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How much did Tencent lose?

Posted on August 16, 2022 by Author

How much did Tencent lose?

Tencent Holdings and Netease shed more than $60 billion of value as investor fears grow that Chinese regulators are preparing to tighten their grip dramatically on the world’s largest gaming industry.

Is it safe to play PUBG after ban in India?

PUBG Mobile India has been banned by the Indian Government ever since September 2, 2020. PUBG game is still banned in India under Section 69A of the Information Technology Act of 2000. However, in a surprise, there are loopholes through which the banned version of PUBG Mobile India can be played, reports DNA.

Which game is best after PUBG ban?

It went ahead and banned PUBG (Player Unknown BattleGrounds) Mobile from Google Play Store and Apple App Store.

  1. 5 Best PUBG Mobile Alternatives For You. While it’s totally uncool, we really cannot do anything about it.
  2. Garena Free Fire.
  3. Call Of Duty: Mobile.
  4. Zooba.
  5. Battlelands Royale.
  6. Fortnite.

Can we play PUBG now after ban?

The government banned over 118 apps and games that were owned by Chinese companies including PUBG Mobile. You need to first download the latest APK file from a third-party source or from PUBG Mobile’s official website. You need to fire up a VPN app from your smartphone for this process to work.

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Is PUBG Mobile losing popularity?

It has been struggling. PUBG’s peak saw players reach as high as 3,236,027. However, by June 2020 the highest point for the player count had dipped down to 230,329. This was a pretty big drop-off and one that can probably be accounted for by the rise in popularity from similar games.

Who owns Tencent gaming?

Tencent

Tencent Seafront Towers in Shenzhen
Total assets CN¥1,333.425 billion (US$203.48 billion) (2020)
Total equity CN¥778.043 billion (US$118.73 billion) (2020)
Owner Naspers (30.86\%; since 2019 through Prosus) Ma Huateng (8.42\%) Tony Zhang (3.5\%)
Number of employees 85,858 (2020)

Can PUBG India play with global?

Indian players can compete in Asian Games 2022, via BGMI The video game company in their blog announced that they would be developing a new version, the ‘Asian Game version’ on PUBG Mobile that will allow players from across the globe to participate.

How do YouTubers play PUBG after ban?

Some people have even reached to an extent where they are breaking the laws and playing the Korean or global versions of the game, using a virtual private network (VPN). YouTubers who livestream their PUBG Mobile gameplay have been taking advantage of a VPN service in order to continue streaming even after the ban.

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Is any game like PUBG?

Which Game is Just Like PUBG? In terms of theme and gameplay, Call of Duty: Mobile and Fortnite are games just like PUBG. You have multiple gaming modes including the popular 100-player deathmatch.

What games are better than PUBG?

Pick your battles. Games like PUBG are everywhere in 2021, and it appears the Battle Royale genre is, in the immediate sense at least, here to stay.

  • Apex Legends.
  • Call of Duty Warzone.
  • Ring of Elysium.
  • Dying Light: Bad Blood.
  • Arma 3: PlayerUnknown’s Battle Royale Mod.
  • GTA Online: Motor Wars.
  • Fortnite.
  • Can I play PUBG in India?

    There is no way to play Battlegrounds Mobile India on PC or laptops without using an Android emulator. However, PC users can still access the original PUBG as the PC version of the game was never really banned in the country. PUBG Mobile was banned by the Indian government in September 2020 over security concerns.

    How much did Tencent lose in PUBG ban losses?

    Initially there was no estimate about how much these losses were for PUBG Corp and the likes of Tencent, but according to reports, new developments have shed some light on the magnitude of the losses that followed the ban. According to a report in Inside Sport, Tencent lost $34 billion in just two days following the ban.

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    Why is PUBG Mobile banned in India?

    (PUBG Corp) PUBG Mobile was banned in India late June last year by the Indian government and since then both Tencent and PUBG Corp have lost massive amounts of money. PUBG Mobile was banned in India in the middle of 2020 following the tensions between India and China over the Galwan Valley incident.

    Did Tencent lose $34 billion in terms of market value after Ban?

    According to a report, the Chinese tech giant has lost $34 billion in terms of market value, just a day after the ban on 118 Chinese apps in India. Apart from PUBG Mobile, Arena of Valor, Chess Run, and Ludo World have also been blocked, all of which have an association with Tencent and are being considered for the company’s dip in the market.

    Is PUBG a Chinese game?

    Though PUBG was created by a South Korean gaming company named Bluehole, it was the Chinese gaming company Tencent Games which brought its mobile version. Tencent Games is a part of Tencent Holdings, which is a Chinese multinational conglomerate.

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