India’s PUBG Ban hits Tencent hard; loses $14 Bn in market value
Chinese tech conglomerate Tencent’s shares fell more than 2% a day
India contributed 24% or 175 Mn out of PUBG’s lifetime 734 million downloads
Tencent developed the Mobile version of PUBG, which holds a 10% stake in the parent firm
The company’s valuation had dropped by $35 Bn between late July and early August
