It will be released for PC and PlayStation 4. Both versions will be both physical and digital downloadable.
Set in 1987, Ryo Hazuki has made his way to China in search of his father's killer, Lan Di. There he meets a new travelling companion, Shenhua Ling, and learns of a legend from her village that has foretold their path together.
The story continues as Ryo and Shenhua start off on a new journey that will take them farther into enemy territory, deeper into mystery, and ever closer to their destiny.
Will the mystery of the mirrors be revealed? How is Ryo's father connected to all of this? Will Ryo track down the Chi You Men cartel and face Lan Di in a final showdown?
Shenmue III was originally planned to be developed for the Dreamcast but due to the dwindling sales of the console and its games and the huge losses Sega incurred between 1998 and 2001 (at 2001 losses hit an all-time low of approximately 51,750,000,000 Yen) it did not seem financially viable for Sega to develop a sequel to a game that cost $70,000,000 for a console that was no longer profitable.
However, of the $70,000,000 budget the developer had spent the budget on all the research and resources necessary to create all the further installments of the Shenmue saga, in fact the Shenmue story was already finished and planned out, the research for all further titles is complete, all the character design is complete and there are still many hundreds of gigabytes of uncompressed textures ready to be ported for development on any console the developer would be creating Shenmue III for.
At E3 2015 at Sony's press conference, series creator Yu Suzuki announced that Shenmue III will be crowdfunded.
Through a Kickstarter campaign, Shenmue III subsequently hit its initial $2 million (USD) goal within a mere 8 hours, becoming the fastest-funded video game in Kickstarter history. The stretch goals extended up to $11 million. The Kickstarter finished at $6.33 million. Shenmue III became the most funded video game on Kickstarter with 69,320 people helping to bring back the Shenmue series back to life.
The game will be developed using Unreal Engine 4.
Picture 1: Old Man: "You say you know Master Lishao Tao?"
Picture 2: Old Man: "If you remember, Rakousei was attacked by an enemy/group. I think this must be the reason"
Picture 3: Ryo: "Is - this place here where you keep things of Rakousei?"
To date as of 2014 no information on who Rakousei is. The Old Man has been founded in the Shenmue 2x files and appears as a VMU icon when you pop in the Dreamcast Shenmue 2 first disc in. He appears under the name "OSY".