HONG KONG (Reuters) – Shares of Chinese gaming and social media powerhouse Tencent (HK:) fell more than 2% on Thursday after India banned 118 mobile apps, including the firm’s popular videogame PUBG.
The stock traded 2.2% lower at HK$533 in the afternoon, on track to snap two straight sessions of gain.
The list of 118 mostly Chinese apps also includes those from Baidu (O:) and Xiaomi ‘s (HK:) ShareSave, as India stepped up pressure on Chinese technology firms following a standoff with Beijing at the border.
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