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
Reviewed by Tech News 24h
on
Rating:
![Nintendo Stock Price Jumps After Announcement From Tencent](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKm4mwriNsum4TriwLWfx0XPNlmvDqM7QsCRMvFfIOIOFZ6TroRbHCgdys7AG9EhBOrlt5b_VLmisG11dZ70lRZ2RNEbYe8KektsvuNLBzgf4lzeQi7K-QQrn1tskBZVtPUJPonj4xbA/s72-c/facebook.jpg)
Post a Comment