Did PUBG break partnership with Tencent?

The outcome after the administration prohibited PUBG along with 118 mobile apps last week over problems about private data of users being obtained illegally by Chinese agencies. PUBG Corporation, the producers of the PUBG game, has decided to take away the Indian franchise from China's Tencent.

Is PUBG no longer authorized by Tencent?

In response to the ban, PUBG Corporation, the parent company of PUBG Mobile has announced Tencent Games will no longer have publishing rights for the game in India. “In light of recent developments, PUBG Corporation has made the decision to no longer authorize the PUBG MOBILE franchise to Tencent Games in India.

Is PUBG owned by Tencent or Krafton?

Krafton Inc.

The company has produced or owns the rights to several notable video game titles including TERA, PUBG: Battlegrounds, New State Mobile, and Moonbreaker. According to Forbes, Chang has a net worth of $2.9 billion and is one of the seven gaming billionaires in South Korea.

Why Tencent sold PUBG?

PUBG game owner distances itself from Tencent in bid to overturn India app ban. PUBG Corporation said Tuesday that it would drop Tencent as the publisher of its PUBG Mobile game in India. The Indian government banned PUBG Mobile and 117 other Chinese apps due to alleged national security risks last week.

What went wrong with Tencent?

Tencent said Monday it had fired more than a hundred employees for violating company policies. Those accused were found to have embezzled company funds and accepting bribes, it added, with a number referred to police and some found guilty in court.

🤔🤔Is it possible for pubg Mobile to | Break partnership with tencent company || EXPLAINED

Why is Tencent losing value?

Shares of the online gaming company have tumbled 64% in Hong Kong since a January 2021 peak, wiping $623 billion off its market value. That's more than any other firm globally, driven by concerns about Tencent's outlook after Beijing's yearlong regulatory crackdown.

Why don't people like Tencent?

Privacy advocates have found that Tencent has shared the conversations of users of their applications with the Chinese government. The company has also used artificial intelligence to identify and block user-created images created to get around government censorship by Chinese citizens.

Why did China ban PUBG?

The strangest of all is the China ban of the game, considering Tencent Holdings is based out of China. The reason behind PUBG Mobile ban in its origin country is the amount of bloodshed in the game. Tencent has found a workaround for this and created a separate version of the game called Game For Peace.

Who owns PUBG in China?

PlayerUnknown's Battlegrounds (PUBG) Mobile is the mobile adaption of the popular battle royale game, PUBG: Battlegrounds, developed by PUBG Studios and LightSpeed & Quantum Studio, published by Tencent Games worldwide, while Krafton and VNG Games in India, Korea and Vietnam respectively.

Do the Chinese own PUBG?

The game was created and conceptualised by an Irish game developer, Brendan Greene, along with PUBG Corporation, a subsidiary of Bluehole, which is a South Korean gaming company.

What is PUBG now called?

PUBG: Battlegrounds (previously known as PlayerUnknown's Battlegrounds) is a battle royale game developed by PUBG Studios and published by Krafton.

Which country owns PUBG now?

Player Unknown's Battlegrounds Mobile also known as PUBG Mobile is developed and managed by PUBG Corporation, which is a subsidiary of the South Korean gaming company Bluehole.

How much did PUBG sell for?

Krafton Inc., creator of hit video game PUBG: Battlegrounds, plummeted in its Tuesday debut after pulling off a $3.8 billion initial public offering that was South Korea's biggest in over a decade.

Will Apple remove PUBG?

You can no longer download PUBG Mobile from the app stores in India. The game can still be played for those who have it installed on their phones. The Indian government banned an additional 118 China-linked apps in India. The list included PUBG Mobile, one of the most popular gaming apps in India.

Why PUBG is removed from playstore?

A report by Reuters said BGMI has been banned under Section 69A of the IT Act, the same section earlier used to ban PUBG. The provision allows the government to block public access to apps and websites in the interest of national security. What did Krafton say about the ban?

Did Apple remove PUBG?

PUBG Mobile has been removed from the Apple App Store and Google Play Store. The popular battle royale game was pulled from the App Store late night on Thursday and from the Google Play Store on Friday morning following a directive by the Indian government.

What is China biggest gaming company?

The Chinese entertainment tycoon Tencent remains dominant in the mobile gaming arena. In January 2023, Shenzhen Tencent Tianyou Technology Ltd generated around 681 million U.S. dollars of in-app purchase revenue worldwide. Its Chinese rivals NetEase and miHoYo Games followed with a wide margin.

How much China earns from PUBG?

China has been the most lucrative market with its variant of PUBG Mobile, Game For Peace, accumulating $2.8 billion, or 55.4 percent of total revenue on iOS (this analysis does not include revenue from third-party Android stores).

What is the relationship between PUBG and Tencent?

The PUBG game is an intellectual property owned and developed by PUBG Corporation, a South Korean gaming company. It is available for PC, Xbox and PlayStation. However, its mobile versions, full-fledged and light variants, are developed in partnership with China's Tencent Games, a sister company of Tencent Holdings.

Is PUBG banned in Japan?

PUBG Mobile Japanese official app is only serviced in Japan. You may link your social media accounts as Google・Facebook・Twitter to the game but the game won't be playable outside of Japanese territory. This applies the same to PUBG Mobile serviced in other regions.

Why is gaming illegal in China?

Notably, China imposed a near-complete ban on video game consoles in 2000, fearing the addicting-like impact of games on its youth; the ban was ultimately lifted in 2015.

Why is China limiting gaming?

The National Press and Publication Administration claims the video game ban intends to protect children's mental and physical health. The Chinese government have been concerned about eye problems among young gamers for a while now.

Is TikTok under Tencent?

Does Tencent own TikTok? Tencent Holdings, a Chinese multinational conglomerate, is an investor in ByteDance but does not have a majority stake in or control over TikTok. ByteDance was founded outside Tencent's portfolio and has even been sued by Tencent over its news and content aggregation platform Toutiao.

Why is Tencent buying everything?

Tencent is allegedly shifting its M&A strategy to "aggressively" focus on "buying majority stakes mainly in overseas gaming companies." As reported by Reuters, this change is in part due to Tencent's attempt to battle the slowing growth in its home country of China.

Why did China suspend Tencent?

GUANGZHOU -- China's Tencent Holdings and other major gaming vendors in the country are shutting down their games nationwide on Tuesday in an apparent tribute to late President Jiang Zemin, amid Beijing's tightening oversight of the gaming industry.