Switch gaming giant Nintendo has partnered with Tencent to bring one of China's most popular video games, Honor of Kings, to its Japanese console. The move is widely seen to be Nintendo's first step into the Chinese market, where it has struggled to gain a foothold despite massive global success. Nintendo's shares surged over 7% to a nine-year high in response to the news. The deal gives Tencent greater access to the global gaming market, where it already owns several major developers, including the team behind e-sport phenomenon League of Legends.
Japanese gaming giant Nintendo has partnered with Tencent to bring one of China's most popular video games, Honor of Kings, to its Switch console. The move is widely seen to be Nintendo's first step into the Chinese market, where it has struggled to gain a foothold despite massive global success. Nintendo's shares surged over 7% to a nine-year high in response to the news. The deal gives Tencent greater access to the global gaming market, where it already owns several major developers, including the team behind e-sport phenomenon League of Legends.