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I looked it up, at Wikipedia says this about Shenmue III (which I know isn't the same thing as the remakes):
During the conference, Sony Computer Entertainment approached Suzuki about Shenmue III as it was one of the most requested titles in their Twitter campaign asking fans what games they want to see on PlayStation. In March 2014, Xbox head Phil Spencer said Shenmue III was the most requested sequel from Xbox owners. In May, Sega renewed the Shenmue trademark. In September 2014, Suzuki restated that Sega would allow him to make Shenmue III if he could fund it independently.It's possible that Nintendo never expressed similar things like SCE and Xbox did, and that Suzuki and Sega never realized there's a market for this on Switch.