PlayStation Is Coming To China

By Mike Sousa on May 26, 2014, 4:42PM EDT

Sony will bring PlayStation platforms to China, according to a statement made by Shanghai Stock Exchange.

Sony and Shanghai have made a partnership to form two ventures: one that will handle the manufacturing and sale of hardware, while the other will manage the software, assistance service, research and development. Sony will possess a 70 percent stake in the first venture and 49 percent in the other.

Despite this confirmation, Sony has yet to reveal which consoles will be available in the chinese market. In addition, Sony won't be the only gaming company in the Chinese market, as Microsoft has revealed that the Xbox One will be released in China in September.

Earlier this year, the Chinese government lifted the ban on the sale of consoles, which was implanted in 2000. At the time, the ban was made in order to avoid the negative impact that videogames had in both physical and mental development of children.

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