PUBG’s Chinese owner Tencent lost $34B in just 2-days following ban in India

PUBG's Chinese owner Tencent lost $34B in just 2-days following ban in India - We The World Magazine
Image courtesy of @go4avinash via Twitter

PUBG’s parent company – one of China’s biggest tech giants – Tencent has lost $34 billion in just two days, following the ban in India.

India, in another swift blow banned 118 Chinese apps over international security concerns amid war-tensions, which included the massively popular battlefield game developed and owned by Tencent that also develops the popular messaging app WeChat.

The game was taken down from Indian Google Play and Apple App stores. Removing the game from India, arguably came with a massive loss for the Chinese company as India had one-fourth of the game’s mobile users.

The federal ban came shortly after Chinese armies clashed around the southern banks of Pangong Tso lake. Last time in June, following the Galwan valley incident, Indian banned over 40 Chinese apps, including ByteDance backed TikTok, which too was massively popular in India.

According to media reports, Tencent had to shed $34 Billion from its overall market share as the app became obsolete to hundreds of millions of PUBG players in India, thanks to the federal ban.

Bloomberg noted this is Tencent’s second-largest loss in revenue. The first time was when POTUS Donald Trump banned WeChat from the US following data security and breach of the privacy policy in the US operations.

Tencent has issued a statement concerning the app ban in India which reads: “Tencent takes the protection of user privacy and data seriously.

“Our apps have always remained in compliance with applicable data protection laws in India and all other markets where we operate.

“We look forward to engaging Indian authorities to clarify our long-established policy and action in protecting user data, and hope to ensure the continued availability of our apps in India.”

Make way for the new – PUBG ban

Last time when India banned the popular video blogging platform TikTok, Indian players offering similar platforms started to see hundreds of thousands of downloads, which was earlier occupied with TikTok, among other apps by international players.

This time as well, following the PUBG ban, other apps, made by US-based and European makers got the PUBG fans flocking to heir offering to satiate the urge to find and shoot, as the royale battle apps tend to offer.

In one similar development, Bollywood superstar Akshay Kuman, on Friday announced the launch of the upcoming PUBG-replacement, made in India app called FAU-G, which is a homophone to the Hindi word ‘fauji’ meaning ‘warrior.’

The app will be reportedly a multi-player royale battle game like PUBG but this time it will be in conjuncture with PM Narendra Modi’s Atmanirbhar Bharat clarion all and will seek to educate players about the sacrifice of soldiers, India Today reported.

Furthermore, 20% of the apps net-revenue will go to Bharat Ke Veer Trust – a federal corpus aimed at helping Indian Soldiers. “Supporting PM @narendramodi’s Atma Nirbhar movement, proud to present a multiplayer action game, Fearless And United – Guards FAU-G,” Akshay Kuman wrote on Instagram, announcing the game.

Meanwhile, missing the beloved PUBG, many Indian players are reportedly flocking to download a Korean alternative to PUBG called PUBG Mobile KR which was not included in the 118 app-ba list since the maker of this version of the game hails from South Korea, not China.

Get more information on how to download the game here.