https://www.gamespot.com/articles/shenmue-3-release-date-confirmed-for-2019/1100-6461285/

It's official: Shenmue III will release on PS4 and PC on August 27, 2019. The news comes from an announcement made by publisher Deep Silver at Gamescom 2018.

First announced in 2015 alongside a Kickstarter campaign to help fund the game, Shenmue III went on to rack up $6,333,295 from nearly 70,000 backers--a record for the most money raised for a video game on the crowd-funding platform. Once the Kickstarter ended, developer Ys Net set up a Slacker Backer campaign to keep collecting money from anyone who wanted to contribute.