China’s Tencent Surrenders on ‘PlayerUnknown’s Battlegrounds’

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China’s Tencent Surrenders on ‘PlayerUnknown’s Battlegrounds’
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Tencent’s version of the free-to-play “battle royale” game became a hit in China, but the company never won approval to charge for in-game purchases

SHANGHAI—Tencent Holdings Ltd. pulled the plug on a test version of the blockbuster videogame “PlayerUnknown’s Battlegrounds” in China, after waiting more than a year for regulators to allow it to start charging money.

Tencent’s version of PUBG, as fans call it, became a hit in China after its release early last year, but the company never won approval to charge for in-game purchases in the free-to-play mobile game. For nine months last year regulators didn’t green-light the sale of any new titles or of special features within...

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