Tencent Share In Free Fire: Free Fire is undoubtedly the most loved and played game across every Asian country.
In eastern and southern Asia and the US, Free Fire is loved by all players.
It is not widely known that Tencent, The Chinese conglomerate, holds some Free Fire or Garena shareholdings.
In the wake of the recent ban of Free Fire on the Indian market, India was made public.
If you’re also not aware of this issue and want to know more, then read on!
Tencent holds over 20% of Garena.
We all know that Tencent is a world-renowned video game manufacturer that also is the owner of PUBG.
Free Fire and PUBG Mobile work hand-in-hand when competing in the battle royale game.
According to recent reports, India is on its fifth crackdown following 2020.
The country has banned 50 or more Chinese apps.
Free Fire was among those apps which were forbidden.
Free Fire is owned by a Singapore-based firm Garena whose leading company is Sea Limited.
Sea Limited is another company with a strong foothold in the realm of gaming across all East and Southern Asian countries.
According to the reports of 2017, Tencent was among the most significant shareholders in Sea Limited, with a 39.7% stake in Sea Limited.
This partnership with Sea Limited indirectly helped Tencent release its games across every Asian country.
Simply put, Tencent has held around 25 % of the shares of Free Fire since the year 2017.
This is why, as per Section 69A of the Information Technology Act, 2000, Free fires could be prohibited in India during the crackdown that will take place in 2022.
We can understand the reasoning to be the main reason behind the prohibition of Free Fire in India, and there aren’t any official news reports on the same.
Here’s everything you should know about Tencent’s Share on Free Fire.
