A report surfaced last week that showed documents indicating that Nintendo is partnering with Chinese tech-giant Tencent to begin official distribution of Nintendo Switch systems in China. This follows the country lifting its ban on video game consoles; a law that has been in place for several years. Now, at a recent investor’s briefing, Nintendo President Furukawa has confirmed this report.
Furukawa formally mentioned that “a collaboration with Tencent to launch Nintendo Switch in China is in progress”. However, he added a bit more context to the situation. This partnership isn’t very far along, so as a result, Nintendo has decided to exclude the possible results of this deal in its forecasts for the new fiscal year (which started on April 1, 2019, and goes until March 31, 2020). As a result, it doesn’t seem like Nintendo expects everything to be in place until at least some time next year.
Regardless, investor’s have already shown how happy they are about the news. When the report initially broke, Nintendo’s stock numbers jumped so high that they hit a level that was the highest it’s been at in six months. This confirmation will still surely make investor’s happy, but now they know they shouldn’t expect to see this deal make any real impact at least for another year.