A Shanghai Stock Exchange statement shows that the two companies have registered two new ventures together, and the industry giant will have a 70 percent stake in one venture and 49 percent in the other.
The same document adds that both ventures will focus on producing consoles, marketing the consoles, software marketing, rights management, network services consultation, and general business consultation.
This move comes after Microsoft’s announcement of the Xbox One hitting China this September. However, Sony has yet to reveal any launch dates.
This article was originally published on Games in Asia.Editing by Paul Bischoff and Steven Millward
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