Wednesday, January 8, 2020
Martin Hennecke

Nintendo brings Switch to China
Tencent (0700) and Nintendo announced plans to begin selling the Switch console in China on December 10 - a long-anticipated entry into the world's biggest gaming arena. Nintendo's signature device will sell for 2,099 yuan (HK$2330.36), about the same as elsewhere around the world, and pre-orders for the console began at noon in China yesterday. The launch, which aims to establish Nintendo's control over China's grey market for the device, includes the popular game New Super Mario Bros U Deluxe and a one-year warranty. Tencent stocks closed at HK$328.6 slid 0.73 percent. Meanwhile, Xiaomi (1810) and Oppo said they will use Qualcomm's Snapdragon 865 chip in their flagship devices, which they plan to launch in the first quarter of next year. Qualcomm's other major customers are Apple Inc and Samsung Electronics. Xiaomi will launch over ten 5G smartphones models in 2020, and will use this latest chip with 5G connectivity in its new Xiaomi Mi 10 smartphone. Shares of Xiaomi rose 0.22 percent after three straight trading days of share buybacks and closed at HK$9 - a drop of 0.11 percent.
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