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. In an interview on CNBC's Squawk Box, CEO Tatsumi Kimishima said that he was "excited" about bringing the game to his company's console, and added that the partnership would help
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.