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Sony follows Microsoft into Chinese game consoles market |
May 26, 2014
Sony is preparing to sell its PlayStation in China, joining Microsoft to compete in the country’s fledgling gaming console market.The Japanese company is setting up two joint ventures with local Chinese company Shanghai Oriental Pearl Culture Development, it said Monday. Both joint ventures, one focused on hardware and the other on software, will be established in a new free trade zone in Shanghai. China is allowing gaming console makers located in the zone to sell their systems to the rest of the country.Sony will have a 49 percent stake in one of the joint ventures, and a 70 percent stake in the other, according to a Sunday stock exchange filing from Shanghai Oriental Pearl’s parent company. The remaining stakes will be held by the Chinese company.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2159200/sony-follows-microsoft-into-chinese-game-consoles-market.html#tk.rss_all
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