Nintendo Stock Price Jumps After Switch Game Announcement From Tencent

The Mario company is reportedly interested in potentially partnering with Tencent.

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Nintendo's stock price jumped by more than 7 percent this week, apparently in response to the news that a game from Chinese internet giant Tencent in coming to Nintendo Switch. The company's multiplayer online game Arena of Valor was announced for Nintendo Switch during a Nintendo Direct and it's due out later this year.

Sources told The Wall Street Journal that investors are enthusiastic about the news because it "could be a precursor to arrangements allowing Nintendo to sell the Switch and its mobile games in China." China, of course, is a massive market for gaming, and if Nintendo can have success in the region, that could end up being a big bottom line-booster.

WSJ also reported that Nintendo has been "looking for ways to expand in China" and is considering Tencent as a potential partner, according to sources. The insiders said Nintendo thought about bringing the Wii U to China but walked away from this.

You can read the full WSJ report here.

Arena of Valor, which is known as Honor of Kings in other markets, is a free-to-play game. Youcan choose from 35 heroes, including roles like tank, mage, warrior, and assassin. A beta test version of the game will launch this winter.

After 15 years, China lifted its console ban in 2015. Sony (PlayStation 4) and Microsoft (Xbox One) brought their consoles to the country, but an issue that persists is that games must pass through China's Ministry of Culture to be approved for release.

There are reportedly more than 300 million gamers in China, so even if the number of releases is limited due to local rules, it's still undeniably a massive opportunity for game companies.

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    Avatar image for urbanman2004
    urbanman2004

    Tencent with their micro-transaction oriented free-to-play model, I'll pass

    Avatar image for tdawgg30
    tdawgg30

    @urbanman2004: I doubt that their game for the Switch will ever have micro-transaction like Electronic Arts have done.

    Avatar image for TerrorRizzing
    TerrorRizzing

    the media acts like consoles havent been in the countless grey market stores for years... Go shop in China, the government isnt tracking most of it.

    Avatar image for nintendians
    nintendians

    as long as it helps nintendo.

    Avatar image for catsimboy
    catsimboy

    Once again we see China falling head-over-heels for trash copy games because the bar is so low (i.e. whatever dregs their government lets through)

    Avatar image for Xylymphydyte
    Xylymphydyte

    Oh hey, those guys who ruined Epic are busy taking more market share. Yay.

    Avatar image for visforvictory
    visforvictory

    Now that China took over Japan, we will be seeing more of this.

    Avatar image for jinzo9988
    jinzo9988

    As long as those shit Chinese free to play copy-fests with no imagination stay in China, then whatever.

    Avatar image for videogameninja
    videogameninja

    Darn, should have bought stock. Then again... that would imply I had some money to do so.

    :(

    -PENNY STOCK NINJA APPROVED-

    Avatar image for ArchoNils2
    ArchoNils2

    China is really good at copying stuff. The one character shown is pretty much a clon of Lu Bu from Dynasty Warriors xD

    Avatar image for derangel
    AuthorD

    @ArchoNils2: Probably because both of them are based off of the real Lu Bu from the Three Kingdom's era of China.

    Avatar image for ArchoNils2
    ArchoNils2

    @derangel: I know that it is based off the same character, but this one looks different from what they made out of him in Dynasty Warriors

    Avatar image for DUBTuner
    DUBTuner

    @ArchoNils2: Not a clone. They are the real, licensed characters. There are some DC heroes in it as well.

    Avatar image for ArchoNils2
    ArchoNils2

    @DUBTuner: Oh really, they licensed him? Well then I'm fine :)