Free Fire is undoubtedly the most popular and most played game in all Asian countries. Not only the eastern or southern Asia but also in US Free Fire is loved by all the players. Not many people know that Tencent, The Chinese conglomerate holds a certain amount of shares in Free Fire or Garena. After the recent banned on Free Fire in India, this was brought to everyone’s notice. If you were also unaware of this deal and want to know more about it then here you go!
Tencent Holds Over 20% Shares Of Garena
As we all know that Tencent is a world-famous video game company that owns PUBG. Free Fire and PUBG Mobile go hand in hand when it comes to competition in the battle royale games. According to the recent news, India is on its fifth crackdown after 2020, and it has again banned over 50+ Chinese applications. Free Fire was one of those apps that got banned.
Free Fire is owned by a Singapore-based company Garena whose parent company is Sea Limited. Sea Limited is another company that holds deep ground in the world of gaming in all the East and Southern Asian countries. According to reports from 2017, Tencent was one of the major stakeholders of Sea Limited, with a 39.7% stake in the company. This agreement with Sea Limited indirectly help Tencent to publish their games in all Asian Countries.
To put it simply, Tencent holds around 25% of the total shares in Free Fire as well since 2017. And hence, according to Section 69A in The Information Technology Act, 2000 Free fires can be banned in India during this crackdown in 2022. Though this is our understanding behind the ban on Free Fire in India and there are no solid reports about the same. This is everything you need to know about Tencent’s Share in Free Fire. Check out another article to know if Free Fire Max is banned in India or not.