Tencent's Loss of PUBG in India Spells Trouble for Its Overseas Dreams

Tencent (OTC: TCEHY) recently suffered a big setback when PUBG Corporation, which licenses its eponymous battle royale franchise to the Chinese tech giant, cut ties with the company in India.

India's government recently banned 118 Chinese apps, including Tencent's PUBG Mobile, in response to escalating military tensions between the two countries. Over 400 million people play PUBG Mobile worldwide, and more than 50 million of those players were in India.

Image source: PUBG Corporation.

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Source Fool.com