Why did Tencent sell 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.

Why did PUBG leave Tencent?

Due to the game's publisher Tencent Games, being a Chinese company, PUBG Mobile also fell under the list of apps banned in India due to security concerns. With the latest move, PUBG Mobile will now be solely taken care of by PUBG Corporation which is a South Korean company.

Is PUBG still owned by Tencent?

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.

Why was PUBG banned in China?

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.

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.

Bye Bye Tencent Games | 1.8 Update Delayed? Tencent Games has launched Level Infinite - PUBG Mobile

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.

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.

Is PUBG still popular in China?

In China alone, PUBG Mobile has made $4.7 billion in lifetime revenue, equating to roughly 57 per cent of total player spending (excluding third-party Android stores).

Did PUBG cancel partnership with Tencent?

PUBG cuts publishing ties with Tencent Games in India a week after ban. PUBG said on Tuesday Chinese giant Tencent Games will no longer be the publishing partner of the popular game in India as it attempts to allay concerns of New Delhi, which banned the game and 117 other apps last week.

Did PUBG break partnership with Tencent?

PUBG Corporation is a subsidiary of Bluehole Games, the South Korean company that developed PUBG. Exactly a week since its ban and 24 hours after it severed ties with Tencent Games in India, the South Korean maker of popular mobile game PUBG is scouting for an Indian partner to revive the popular game's fortunes.

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.

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.

Why did Tencent crash?

Tencent recorded its first-ever revenue drop in the quarter ended June and is expected to report negligible sales growth and a 34% drop in net income, according to analyst estimates. Online ad sales have been hit by China's economic slowdown and the bread-and-butter gaming division is facing stiffer competition.

Why is PUBG so big in China?

No need for story lines or plot building — it's just pure competition. Chinese people just love Player Unknown: Battlegrounds. Steam is, at least for now, still operating in China — so Chinese players have full access to this game. Chinese gamers, overall, tend to be more attracted to PvP and competition.

Is PUBG still popular 2023?

According to data collected by Active Player, PUBG in 2023 garners about 23.6M average daily players.

Is PUBG still popular in the USA?

PUBG is currently the third most popular game on Steam in terms of player count, just below Counter-Strike: Global Offensive and Dota 2.

What country does not play PUBG?

India is just one of the many countries that have banned the battle royale game. Other countries where the game is banned include China, Pakistan, Afghanistan, Korea, Jordan, Nepal, Israel, and Iraq.

Where is Roblox banned?

Guatemala. Roblox is banned in Guatemala because it can violate the safety of children and adolescents.

Does China ban gaming?

Video games are regulated through the government and the Chinese Communist Party as with most mass media in China, but further, as video games are seen as a cultural benefit, additional agencies are involved in promoting the growth of video games.

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 is Alibaba better than Tencent?

Business Focus

One difference between Alibaba and Tencent is the percentage of their revenue coming from foreign (non-Chinese) markets. Only 7% of Alibaba's revenue comes from international sources, in Tencent's case it's 8%.