Roblox Pulls Down China App

January 7, 2022 6:51 AM | 1 min read |

Video gaming platform Roblox Corp RBLX pulled its Chinese app from the mainland app store, Reuters reports.
Roblox cited it as part of "a number of important transitory actions" as it builds its next version.
In July, Roblox launched the LuoBuLesi app with Tencent Holdings Ltd TCEHY affiliate. Roblox shut down on the app on December 8.
The app now shows users a message thanking them for using the test version when they log on.
Roblox's platform is known for its virtual world technology, now popularly known as the "metaverse."
The LuoBuLeSi platform is separate from Roblox's global version and allows users to create and play games and join virtual 'events.'
Price Action: RBLX shares traded higher by 0.93% at $90.03 in the premarket session on the last check Friday.

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