Oriental Pearl, Sony establish gaming JVs in Shanghai FTZ
By Shi Jing in Shanghai | China Daily | Updated: 2014-05-27 07:12
The lifting of a 13-year ban on the sales of gaming consoles in China has been confirmed with the establishment of a joint venture between Shanghai Oriental Pearl (Group) Co Ltd and Japanese electronics giant Sony Corp.
A-share listed Oriental Pearl Group said on Sunday that it signed contracts with Sony to set up two joint ventures in the China (Shanghai) Pilot Free Trade Zone.
The ventures will be responsible for the production, sales, research and development of the hardware and software for PlayStation gaming consoles, which are a best-seller for Sony.
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