What is the relationship between PUBG and Tencent?

PUBG for PC version is under BlueHole which is South Korean company. PUBG fox Xbox is under Microsoft. PUBG mobile's production is completely under Tencent which is a Chinese firm.

Is PUBG owned by Tencent?

PlayerUnknown's Battlegrounds (PUBG) and its mobile version PUBG Mobile is owned and developed by a South Korean gaming company PUBG Corporation. Tencent Games was the publisher and distributor responsible to make PUBG Mobile available in other countries including India.

What is the role of Tencent in PUBG?

PlayerUnknown's Battlegrounds (PUBG) is an online multiplayer battle royale game developed and published by PUBG Corporation, a subsidiary of South Korean video game company Bluehole. PUBG Corporation counts Chinese multinational tech conglomerate Tencent as a publishing partner for the game's mobile version.

Does PUBG break partnership with Tencent?

Severing its ties with Tencent, PUBG Corporation said in a blog, “In light of recent developments, PUBG Corporation has made the decision to no longer authorise the PUBG MOBILE franchise to Tencent Games in India.

What is the relation between Tencent and Krafton?

Tencent held a 13.5% stake in Krafton as of end-March through an investment vehicle, according to Krafton's regulatory filing.

The Video Tencent didn't want you to see (Interviewing a Hacker: Remastered)

Who is PUBG owned by?

PUBG Mobile is a free-to-play battle royale video game developed by LightSpeed & Quantum Studio, a division of Tencent Games. It is a mobile game adaptation of PUBG: Battlegrounds. It was initially released for Android and iOS on 19 March 2018.

What company owns Tencent?

South African media company Naspers purchased a 46.5% share of Tencent in 2001. As of 2021, it owns 30.86% through Prosus, which also owns a stake in Tencent's sister companies, such as OLX, VK, Trip.com Group, Delivery Hero, Bykea, Meesho, Stack Overflow, Udemy, Codecademy, Brainly and PayU.

Why is Tencent shutting down?

Tencent is shutting down its video game streaming platform months after Beijing shut down a huge merger that would have made the Chinese internet giant a major player in the area. The service Penguin Esports will shut down from June 7, Tencent said, citing a change of business strategy.

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.

Why is PUBG not Tencent?

The maker of the hit video game PlayerUnknown's Battleground (PUBG) has cut ties with Tencent in India after Delhi banned apps with links to China. PUBG Mobile was one of 118 Chinese apps that the Indian government blacklisted over national security concerns.

How much money does Tencent make from PUBG?

In March 2022, two titles from the Chinese entertainment titan Tencent occupied the highest earning mobile games in the world - Honor of Kings and PUBG Mobile. In that month, PUBG Mobile generated over 56 percent of its 199.8 million U.S. dollars gross revenue from its Chinese version Game for Peace in China.

How much did Tencent buy PUBG for?

The deal is reportedly worth £919 million ($1.27 billion), and means Tencent will fully own the company. This isn't the first big acquisition the Chinese tech conglomerate have made, and I'm sure it won't be the last.

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 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.

When did Tencent buy PUBG?

Bluehole (PlayerUnknown's Battlegrounds) - 11.5 percent

Tencent's investment into Bluehole first began in 2017 with Tencent first acquiring 1.5 percent of Bluehole before increasing that investment to an undisclosed amount rumored to be around 10 percent.

Why PUBG is banned in India?

National Security Concerns

One of the biggest reasons behind the ban of PUBG Mobile in India is concerns regarding data privacy of users. The servers of the game are located in China, and it was believed that user data was being stolen and transferred to .

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.

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).

Is PUBG still banned in China?

China recently enacted legislation limiting children to three hours of internet gaming each week, a measure that directly affects PUBG and its competitors. In the event of this new restriction, PUBG is still legal to play in the country for the moment, but esports tournaments are now forbidden.

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.

Who owns the most Tencent stock?

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.

Is TikTok owned by Tencent?

Tencent Holdings, a Chinese multinational conglomerate, is an investor in ByteDance but does not have a majority stake in or control over TikTok.

Does Tencent own Tesla?

Tencent, known as one of the world's largest gaming and social media firms, invested in Tesla in 2017, taking a 5% stake for around $1.78 billion.

Is Tencent bigger than Apple?

The Chinese tech titan led the industry in game-related revenue last year at USD 32.2 billion, well ahead of Sony's USD 18.2 billion and Apple's USD 15.3 billion, according to Dutch research firm Newzoo. This lead owes largely to Tencent's wide-ranging portfolio, which includes US, European, and South Korean companies.