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Nintendo is also considering establishing a local entity in Thailand.
SINGAPORE – Entertainment juggernaut Nintendo announced that it has established a local entity in Singapore.
The announcement, published on its website on Sept 30 , stated that the move was made with “the aim of accelerating Nintendo’s business in South-east Asia”.
Nintendo boasts a huge array of hit video game properties under its belt, including franchises such as Mario, The Legend of Zelda and Pokemon.
Its latest console, the Nintendo Switch 2, sold more than 3.5 million units in its first four days after its launch on June 5, making it the fastest-selling console in the company’s history .
The entity was founded on Sept 26 with a capital stock of $8 million. Mr Takahiro Miura, currently chief executive of Nintendo’s South Korean arm , will serve as its managing director.
Nintendo said in the same announcement that it is also considering establishing a local entity in Thailand to accelerate its business.
In 2019 , plans were announced to add a Super Nintendo World area to Universal Studios Singapore – located within Resorts World Sentosa (RWS) – by 2025.
But construction timelines were delayed due to the Covid-19 pandemic. RWS owner Genting Singapore did not state how long the plans had been delayed .
[SRC] https://www.straitstimes.com/singapore/nintendo-establishes-singapore-arm-aimed-at-accelerating-business-in-south-east-asia
