It has been very quiet around the highly anticipated Shenmue 3 this year and we only got one update from the developer showing Quick Time Events. Today developer Ys Net provided another update on Kickstarter, which included a statement regarding plans to participate in upcoming game shows like the E3.
Ys Net reports that it will be "devoting June to game development and as a result, will unfortunately not be participating in any game shows". In the same developer update we did get a look at new character, which can be seen in the art below.
It looks like we have to wait a little longer to get more details and gameplay from Shenmue III.