Beijing’s tech crackdown casts long shadow over South Korea’s biggest IPO in a decade

Source: Tech – South China Morning PostTencent Holdings-backed Krafton, developer of hit game PUBG: Battlegrounds, plunged in its trading debut on Tuesday, after raising US$3.8 billion in South Korea’s largest initial public offering in more than a decade, amid Chinese state media’s latest broadside against the video gaming industry.Seoul-based Krafton’s shares dropped as much 20 per cent in early trading before they closed down about 9 per cent, souring the mood for both investors and fans of PUBG.Chinese state media’s recent…Read More

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