16+ CR GTD
Header banner - Nostra Poker
Pokersaint - Lead
Krafton Files For IPO; PUBG India’s Comeback On Back Burner? Gaming

Krafton Files For IPO; PUBG India’s Comeback On Back Burner?

by Donna Amo Posted on 09 Apr, 2021

Krafton, the parent firm of PlayerUnknown’s Battlegrounds (PUBG) filed for an initial public offering (IPO) in South Korea. It was then discovered that the Chinese company Tencent is the second-largest stakeholder of Krafton with 15.5 percent stake. Krafton’s founder Chang Byung-gyu is the company’s largest stakeholder with a 16.4 percent stake. As per reports, Krafton is valued at around USD 17.92 Billion.

This information is important as it is highly possible that Tencent’s stake may be a hindrance for PUBG Mobile’s relaunch in India. In September 2020, the government of India banned Chinese owned apps in the country. Tencent’s holding in PUBG was stated to be a major cause of the app being banned in the country.

ALSO READ: PUBG Banned In India; Tencent Loses Distribution Rights

Tencent is a giant in the gaming space, the brand owns big gaming companies like Riot Games and Supercell. Due to this association, both the companies keep a low profile in the country. Popular games like League of Legends and Clash of Clans are owned by these two companies respectively. Esports tournaments for these games are handed over to other esports organizers to avoid potential bans like it was for PUBG Mobile.

It should also be noted that along with Tencent being the second-largest stakeholder in Krafton, many of its employees were also hired by Krafton after the ban. Aneesh Aravind, Krafton’s current country head is also among these.

Despite the ban, the Indian viewership for PUBG Mobile is still the second-largest in the world. In the Indian Gaming Show and Conference 2021, Head Corporate Development at Krafton, Sean Hyunil Sohn hinted at the return of PUBG Mobile in India. Sohn commented, “I cannot really tell timing or anything because we don’t know yet. We care about the Indian market greatly. We will work hard to make it happen.”

ALSO READ: Tencent’s Timi Gaming Studio Makes USD 10 Billion In Revenue

PUBG Mobile’s return in India is highly anticipated, it will be interesting to see how Krafton plans on tackling this. For more news and updates keep reading  GutshotMagazine.com. Follow us on our social media handles like FacebookInstagram, and Telegram.

Poker Dangal Offers 20% Locked Bonus Of Up To INR 1,000

Tagged : 

More News

Tencent shuts poker app, WSOP China stands cancelled
12 Sep,2018 

Tencent shuts poker app, WSOP China stands canc...

Fantasy sports
6 Sep,2018 

Tencent Holdings invest Rs.719 crore in Dream11

Tencent’s Timi Gaming Studio Makes A Whopping USD 10 Billion In Revenue
5 Apr,2021 

Tencent’s Timi Gaming Studio Makes A Whopping U...


Leave a Reply

Your email address will not be published. Required fields are marked *

Dangal box

Top 10 Poker Rooms

  • Natural8

    Sign-up code "GUTSHOT"
    Offer: 200% bonus up to $1,000 or $100 in instant rewards Register

  • 9stacks

    Instant withdrawal; 100% locked bonus on first deposit
    Offer: "9GUTSHOT" Register

  • PokerSaint

    60-seconds withdrawal; 100% locked bonus on first deposit
    Offer: "GUT100" Register

  • Poker Dangal
    Poker Dangal

    INR 500 Free on sign-up; (425 Locked, 75 Instant)
    Offer: 150% on first deposit up to INR 5,000 Register

  • Spartan Poker
    Spartan Poker

    Sign-up with "GUTSHOT"
    Offer: "GUT300X" to get 300% on your deposit Register

  • Nostra Pro
    Nostra Pro

    Use Code "KING500"
    Offer: 100% Instant Poker Cash Back Register


    Sign-up with "GSBLZ"
    Offer: Make your 1st Deposit of INR 200 & GET 1000 in return! Register

  • Poker Tempo
    Poker Tempo

    Rs. 50 Instant Bonus, Rs. 50 Locked Bonus, No code required!
    Offer: 1 Ticket to 5000 GTD FREEROLL every Monday @ 7PM Register

  • Calling Station
    Calling Station

    Instant withdrawal; Use “RELOAD20” on deposits for 20% locked bonus
    Offer: "GUTSHT" Register

  • PokerStellar

    INR 500 Free (225 Instant + 275 Ticket) on KYC Verification
    Offer: 150% Upto 5,000 + 20% Instant Bonus Register

Pokersaint box banner

Want to share your thoughts about poker?

Then click the button to submit your article.

Facebook + Follow

Instagram + Follow

Natural8 GGSF LiveX Flipout Banner

Natural8 GGSF LiveX Flipout Banner