3 Reasons Investors Should Not Worry About India's Ban of "Free Fire"
Investing in Chinese stocks was been a risky endeavor. Many investors around the world have been concerned about the Chinese government's ability to keep some of the public companies independent from government affairs, and there have been ramifications for businesses that fail to comply with the Chinese government's wishes. This was seen with Didi Global, China's largest ride-hailing service, which decided to go public in the U.S. instead of Hong Kong as Chinese officials wanted. As a result, China pulled Didi's app from app stores.
China is a touchy subject, and governments and investors around the world are cautious of the country's political ambitions. India, in particular, is worried about the country's ability to obtain data about Indian consumers, and it recently announced it would ban 54 Chinese apps from its app store. Free Fire from Sea Limited (NYSE: SE), was among those apps. Sea Limited is based in Singapore, but the reason for the ban comes because Tencent Holdings (OTC: TCEHY) -- a Chinese company -- owns a considerable portion of Sea Limited shares.
Source Fool.com
