Nintendo's stock on the interaction between Switch and Tencent in China

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A person disguised as a Nintendo character, Mario, greets a Nintendo scene at Madison Square Park on March 3, 2017 in New York.

Drew Angerer | Getty Images

A person disguised as a Nintendo character, Mario, greets a Nintendo scene at Madison Square Park on March 3, 2017 in New York.

Shares of Nintendo surged more than 16% on Friday after Tencent obtained clearance to sell the Japanese video game giant's Switch console in China.

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