Tencent Loses $42B in Market Value as Indian Stakeholders Weigh in on a Future Without PUBG MOBILE
The Indian government’s decision to ban the country’s most popular title, PUBG MOBILE was always going to have a ripple effect across the entire industry and the effects are already being felt. Having lost out on what was their biggest market for the game, Tencent has reportedly lost nearly $42B USD in market value in just two days since the announcement. This is the second-largest market capitalization loss for the Chinese conglomerate following a $66B loss spurred by an executive order against WeChat by the US, which was mostly regained