TOKYO: Nintendo Co Ltd shares jumped 17 percent in morning Tokyo trade on Friday, a day after China's Tencent Holdings Ltd won a key approval to begin selling Nintendo's Switch console in the world's largest video games market.
It remains unknown when the console may go on sale in China, with games needing to clear a separate approval process. The freeze resulted in a backlog which"means it is uncertain whether a strong line-up of launch titles can coincide with the hardware launch," said market analyst Gu Tianyi at gaming industry analytics firm Newzoo.Tencent is likely to release its own popular titles such as Honor of Kings on the Switch in China, he said. The international version of the game, Arena of Valor, is available overseas on the Switch.
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