Nintendo shares jump 13 percent after Tencent gains Switch sales approval in China
A monitor showing Nintendo Switch game consoles is seen at an electronics store in Tokyo, Japan March 3, 2017. REUTERS/Toru Hanai
TOKYO - Nintendo shares were untraded with a glut of buy orders in early Tokyo trade on Friday, a day after China’s Tencent won a key approval to begin selling Nintendo’s Switch console in China, the world’s largest games market. Nintendo’s U.S.-listed shares rose 12 percent overnight after the Chinese province of Guangdong approved Tencent to distribute the Switch console with a test version of the “New Super Mario Bros. U Deluxe” game.
The Kyoto-based games maker has been hampered by Japanese regulations and the search for a partner in its efforts to bring its hybrid home-portable Switch console to China, holding back the development of console gaming there.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nintendo Seeks to Sell the Switch in ChinaNintendo has submitted a request to the Chinese government for approval to sell its Switch console in China, potentially opening up a major market long closed to the Japanese videogame maker’s flagship consoles.
Read more »
Nintendo shares jump 17 percent after Tencent wins key China Switch sales approvalNintendo Co Ltd shares jumped 17 percent in morning Tokyo trade on Friday, a day...
Read more »
Nintendo, With Tencent’s Help, to Sell Switch Console in ChinaNintendo has held off in bringing the Switch to the world’s most populous country, a major source of revenue for other technology companies such as Apple
Read more »
Alibaba's South China Morning Post readies its US push as it hunts for 'China-curious' readersThe Hong Kong-based publication believes that the time is right for its US expansion, with China-US trade talks and interest in them heating up.
Read more »
Nintendo shares surge more than 16% after tie-up with Tencent to sell Switch console in ChinaTencent won approval from regulators to sell the Nintendo Switch in China, but analysts warned there are still more regulatory hurdles to overcome.
Read more »
Share surge is a bet China is back on trackThe economy grew an unremarkable 6.4 pct in the first quarter. That belies a growing optimism that has turned its stock market into a top performer globally in 2019. An impressive credit rebound has helped. The test will be whether animal spirits alone can keep momentum going.
Read more »
Honda's China sales likely to catch U.S. sales in two-three years: CEOHonda's sales in China are likely to catch up with its sales in the United ...
Read more »
Tesla begins sales of cheapest yet Model 3 car variant in ChinaU.S. electric vehicle (EV) maker Tesla Inc on Friday said it has started taking ...
Read more »
Daimler: Mercedes sells more than 600 Maybach models a month in ChinaDaimler's China chief said sales rose 3 percent in the first quarter, defyi...
Read more »
Ford's China JV Changan eyes sales rebound at end-2019: presidentChina's China Changan Automobile Group expects sales at its joint venture w...
Read more »
Rolls-Royce sees double-digit sales growth in China this year: CEOLuxury carmaker Rolls-Royce expects to achieve double-digit sales growth in Chin...
Read more »