Nintendo and Tencent have partnered up to bring the Switch to China, but Tencent has an even bigger goal in mind. If they get their way, they'd like to makes some games featuring Nintendo's characters. A Tencent official told the Wall Street Journal the following.
“What we want is to expand from China, and one target is console game players in the U.S. and Europe. We hope to create console games with Nintendo characters, and learn the essence of making console games from Nintendo engineers.”
Tencent would certainly have a ton to prove with a move like this, as they aren't really known for games they develop in-house, and instead focus more on publishing titles from other devs. I'm not too sure Nintendo will be keen to let Tencent have the keys to their character castle, but I guess time will tell.