Nintendo Deal With Tencent Paves Way for China Push – Wall Street Journal (subscription)
For all its global popularity, Nintendo Co. has had relatively limited business in China. Now a deal with Tencent Holdings Ltd. has investors excited at the prospect that Nintendo’s Switch console and smartphone games could take off in one of the world’s biggest game markets.
Nintendo shares shot up by more than 7% to a nine-year high Tuesday as investors welcomed its deal to put one of China’s most popular videogames—Tencent’s…
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