Source: GeekWire

Tencent: Nintendo stock spikes as Switch console goes on sale in China through partnership with Tencent

Nintendo stock is the highest its been in 18 months after the gaming giant began selling the smash-hit Switch console in China this week. Nintendo, whose North American headquarters is based in Redmond, Wash., teamed with Chinese tech giant Tencent to bring the console to the notoriously challenging-to-enter country. Mobile and computer gaming are the primary forms of gaming in China, primarily because of a 14-year government ban on consoles that was lifted in 2014. Microsoft's Xbox and Sony's PlayStation haven't gained a huge following in China, but Nintendo has a chance to make a move because of the portable... Read More

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Huateng Ma's photo - Chairman & CEO of Tencent

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Huateng Ma

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Tencent provides mass media, entertainment, internet and online advertising services.

Tencent's headquarters is in Nansha...
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