Customers browse Nintendo Co. video games at a Yodobashi Camera Co. store in the Akihabara district of Tokyo, Japan, on Friday, April 12, 2019. Nintendo's Labo VR Kit, which went on sale Friday and starts at $40, is a build-it-yourself set of cardboard goggles and controllers for the company's Switch console. Photographer: Akio Kon/Bloomberg
Nintendo Co shares jumped after China’s Tencent Holdings Ltd won approval to distribute one of the company’s games for its Switch console, a sign the Japanese company may benefit from growth in the world’s largest games market.
Tencent received approval for the test version of New Super Mario Bros U Deluxe for the handheld device, according to a notice on the website of China’s Guangdong provincial culture and tourism department. A Nintendo spokesman confirmed that Tencent had applied for the sale of Switch hardware, but could not comment specifically on the Guangdong approval, saying it was just one part of the entire process. Nintendo’s stock surged as much as 17%, the most on an intraday basis since September 2016.
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