Sony to sell PlayStations in China
Published 26/05/2014 | 10:37
In a filing with the Shanghai stock exchange, Shanghai Oriental Pearl (Group) Co said it signed a deal with the Japanese electronics giant.
Under the agreement, Sony and Oriental Pearl will set up two joint venture companies in Shanghai's new free trade zone. Sony will have a 49% stake in one company and a 70% stake in the other.
Relaxations on video game consoles were among the raft of looser controls on investment promised when Shanghai inaugurated its free trade zone in September.
In April, Microsoft said it was partnering with BesTV New Media to sell Xbox One consoles in China.