In addition to Microsoft which launched its flagship Xbox One in China this April, Sony also sets eye on the lucrative market after Chinese authorities lifted the 13-year ban on game consoles.

The Japanese giant has entered partnership with Shanghai Oriental Pearl Group (SH:600832) to step up the production and sales of PlayStation consoles and relevant software in China, according to a statement released by Shanghai Stock Exchange.

Through the subsidiaries of both parties, Sony and Shanghai Oriental Pearl Group planned to set up two joint ventures in Shanghai Free Trade Zone. The two joint ventures will be responsible for hardware and software product/service, respectively.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.