Tencent Gaming is a well-known mobile and video game developer from China, while Logitech G is known for their gaming accessories. The two companies will reportedly work together to develop a game console device specifically for cloud gaming streaming services.
According to reports, the two companies will work with NVIDIA and Microsoft to develop the console because this console, when launched, will support NVIDIA's GeForce Now streaming service as well as Microsoft's Xbox Cloud Gaming.
The console is named Logitech G Gaming Handheld for now, and the design and specifications of this console are still unknown. Furthermore, the specifications for this console, along with its software, are still unannounced, and whether it will support other gaming streaming services such as Google Stadia or PlayStation Now is also yet to be announced.
It looks not so different from NVIDIA's previous offerings, namely the NVIDIA Shield and also the Steam Deck which allows you to stream games from a Steam account on the desktop via Steam Remote Play.
If you are interested in getting more information about this device, you can register your interest on the Logitech G Gaming Handheld website.