Latest News: $34 Billion USD Loss, Tencent Games Removed From Huawei App Store - Here's Reason

Tencent, which was essential Part of the PUBG Mobile Corporation, was banned in India by the Ministry of Electronics and Information Technology because of the strains between India and China made over the Galwan Valley incident. The administrative reported the ban under the Section 69A of the Information Technology Act. 

As indicated by a report in Reuters, Tencent's online game contributions have been removed from Huawei's app store since the two companies failed to agree on income sharing Agreement, Tencent and a source said on Friday. 

"Due to the failure of Huawei’s mobile game platform to renew its contract with our Mobile Game Promotion Project Agreement as scheduled, relevant products of Tencent Games were suddenly removed from the shelves early this morning," Tencent said in an assertion. "At present, active communication is being made to try to resume as soon as possible," it said. 

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Tencent sells some of the top-ranked online games worldwide, while Huawei has a 41.4% share of the China mobile phone market and 14.9% of the global market, according to information from statistical surveying firms IDC and Canalys. 

A source said the games were removed because the companies couldn't agree on an income sharing deal for the app store deals. Huawei demands getting a 50 percent cut, the source said. 

Huawei didn't immediately respond to a request seeking comment whether the organizations had disagreed about income sharing. There was already some resistance from games developers to Huawei's income requests. This included Shanghai-based designer Mihoyo, which a year ago chose not to put its hit game "Genshin Impact" on Huawei's application store since it disagreed with the commission structure for deals.

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