Nintendo stocks went up, shares up 6 percent due to Nintendo Switch launch in China

China-based media company Tencent recently gained the Chinese government’s approval to sell the Nintendo Switch in the country. Read on below for more details:

Nintendo stocks went up and sales within China were swift as the console launched

After Nintendo Switch launched in mainland China yesterday, Nintendo Co., Ltd. (7974.T) shares have soared by almost 6% (5.88%) already this week in Japan and are again at an almost 19 month high of 46,370.00 JPY.

The launch announcement was made last week

Nintendo Switch launches in China with a one-game eShop

The gaming console was released by Chinese conglomerate Tencent on Tuesday, which saw Nintendo shares reach a 19-month high. While Chinese and overseas cartridges can be played on the device, online gameplay is region-locked, and the online store features one game – New Super Mario Bros. U Deluxe. Photo via @ZhugeEX

Source: Twitter.com and Japanese Nintendo

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