Nintendo Stock Price Jumps After Announcement From Tencent



Nintendo's stock price jumped by more than 7 percent this week, apparently in response to the news that a game from Chinese internet giant Tencent in coming to Nintendo Switch. The company's multiplayer online game Arena of Valor was announced for Nintendo Switch during a Nintendo Direct and it's due out later this year.

Sources told The Wall Street Journal that investors are enthusiastic about the news because it "could be a precursor to arrangements allowing Nintendo to sell the Switch and its mobile games in China." China, of course, is a massive market for gaming, and if Nintendo can have success in the region, that could end up being a big bottom line-booster.

WSJ also reported that Nintendo has been "looking for ways to expand in China" and is considering Tencent as a potential partner, according to sources. The insiders said Nintendo thought about bringing the Wii U to China but walked away from this.

You can read the full WSJ report here.



Nintendo Stock Price Jumps After Announcement From Tencent Nintendo Stock Price Jumps After Announcement From Tencent Reviewed by Tech News 24h on September 20, 2017 Rating: 5

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