Free Fire Ban India – Shopee SHUTS DOWN: Garena Free Fire is not coming back anytime soon in India. The concerns around the ban has led same parent company owned E-Commerce firm Shopee to SHUT-DOWN their operations in India. Both Garena Free Fire and Shopee are owned by the Singapore headquartered consumer tech firm Sea with huge investments from Chinese investor Tencent – Follow Garena Free Fire India LIVE Updates with InsideSport.IN
Free Fire Ban India: ‘Very concerned with Garena Free Fire Ban in India’, same parent company owned E-Commerce company Shopee SHUTS DOWN India operations
Shopee SHUTS DOWN: The e-commerce arm of the Singapore headquartered consumer tech firm Sea, has CITED “global market uncertainties” for the decision to SHUT-SHOW. It’s been just 6 months since SHOPEE started their Indian operations.
It had started onboarding thousands of sellers.
Why did Shopee Shut DOWN in India?
- The Shopee’s decision to quit the Indian market comes against the backdrop of the government banning Sea’s gaming app “Free Fire” amid geopolitical tensions with China.
- The NYSE-listed SEA counts Chinese investor Tencent as a major investor.
- They had hired around 300 people in India for its e-commerce operations.
“In view of global market uncerta inties, we have decided to close our early-stage Shopee India initiative,” said a spokesperson for SEA.
Though the official statement by the company says GLOBAL MARKET UNCERTAINTIES as the reason for SHUT-DOWN. The market grapevine says something else.
According to people privy to the developments, government’s scrutiny of Sea’s Free Fire app added to the instability of Shopee’s future in India.
“The parent company was very concerned about the Free Fire Ban in India. The ban was taken into consideration while taking the decision to pull the plug on Shopee”, said a informed source.
Garena Free Fire Ban India: What is the status with current ban, the sequence of events EXPLAINED
Government Crack Down on China Linked Firms: Garena Free Fire, the popular battle royale game, was banned in India on February 14th. The ban came into existence along with 53 other apps by the Ministry of Home Affairs.
The app was already missing from the Google Play Store and the Apple App Store.
The last statement by Garena came on 15th February. Post that their has been no update by the company on the India situation.
“We are aware that Free Fire is currently unavailable in the Google Play and IOS app stores in India and that the game is currently not operable for some users in the country,”
Garena said in a statement. “We are working to address this situation, and we apologise to our users for any inconvenience,” it added.
The game currently can’t be played in India officially.
Free Fire Ban India: ‘Very concerned with Garena Free Fire Ban in India’, same parent company owned E-Commerce company Shopee SHUTS DOWN India operations
Follow Garena Free Fire India LIVE Updates with InsideSport.IN
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