I think more people are going to be driven to PC gaming (and therefore Steam) in the coming years as consoles lose the physical media and pricing advantages they had over PC. I know I'm dropping consoles as my main platform after this gen. Might keep getting Nintendo for the exclusives if the price is decent and the games are good.
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The Nintendo Switch was just taken offline in Mainland China, not that it was terribly popular anyway, because it only had around 10 games available for it.
The video game market in China has essentially been dominated by a company called Tencent for years, who are known for poor customer experiences and frustrating software. The Chinese were enshittifying online services years before the word "enshittify" was coined.
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Tencent is unfortunately buying its way into the western market too
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Doesn't Tencent also have a stake in Reddit?
And you have all the people defending Tencent, saying that Tencent is a hands off company. Meanwhile they've gutted the co-op plans that Ubisoft had for AC Shadows that fans have been asking for since Unity.
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