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Singapore flags concern to India over ban on Sea's game: Report

After the ban, the market value of the New York-listed Southeast Asian firm dropped by $16 billion in a single day, and investors worry India could extend it to Sea's e-commerce app, Shopee, which recently launched in the country.

February 24, 2022 / 03:03 PM IST
A person stands in front of a signage of Southeast Asian e-commerce and gaming group Sea Ltd's, at their office in Singapore March 5, 2021. (Image: Reuters)

A person stands in front of a signage of Southeast Asian e-commerce and gaming group Sea Ltd's, at their office in Singapore March 5, 2021. (Image: Reuters)

Singapore has raised concerns with India about its ban of popular gaming app "Free Fire", owned by technology group Sea Ltd, in the first sign of diplomatic intervention after the move spooked investors, four sources told Reuters.

After the ban, the market value of the New York-listed Southeast Asian firm dropped by $16 billion in a single day, and investors worry India could extend it to Sea's e-commerce app, Shopee, which recently launched in the country.

The sources, who include two Indian government officials, said Singapore had asked Indian authorities why the app had been targeted in a widening crackdown on Chinese apps, even though Sea has its headquarters in the wealthy city state.

Singapore had queried if the app "was banned unintenationally," said one of the Indian officials aware of the diplomatic initiative.