Tencent's Overseas Ambitions Faces Resistance From India: Report

India blocked a popular battle-royale format game from Tencent Holding Ltd TCEHY backed Krafton Inc over data sharing and mining concerns in China, Reuters reports.
India removed the Battlegrounds Mobile India (BGMI) app from Alphabet Inc's GOOG GOOGL Google Play Store and Apple Inc's AAPL App Store on July 28.
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The removal of BGMI, which had over 100 million users, follows its 2020 ban of another Krafton title, PlayerUnknown's Battlegrounds (PUBG).
The PUBG crackdown was part of India's ban of over 100 mobile apps of Chinese origins following a months-long border standoff.
The ban expanded to cover over 300 apps, including Sea Limited's SE popular gaming app 'Free Fire.'
The Chinese gaming companies focused on overseas expansion to beat the heat of the domestic regulatory crackdown.
Chinese gaming companies heaved a sigh of relief as the country indicated signs of ease down on its sweeping crackdown on the sector.
Price Action: TCEHY shares traded lower by 1.05% at $40.50 in the premarket on the last check Friday.