{"id":20756,"date":"2014-05-26T08:47:45","date_gmt":"2014-05-26T08:47:45","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=20756"},"modified":"2014-05-26T08:47:45","modified_gmt":"2014-05-26T08:47:45","slug":"sony-sets-up-playstation-plant-in-china","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/05\/sony-sets-up-playstation-plant-in-china\/","title":{"rendered":"Sony sets up PlayStation plant in China"},"content":{"rendered":"
Japan’s Sony has signed a partnership in China to manufacture and sell its PlayStation consoles on the mainland.<\/p>\n
The deal, formed as two joint ventures with Shanghai Oriental Pearl, gives Sony access to an estimated 500 million gamers in China.<\/p>\n
China has had a ban on gaming consoles since 2000, citing their adverse effect on the mental health of young people.<\/p>\n
But in January, the government said it will allow foreign firms to manufacture and sell consoles.<\/p>\n
China’s gaming market, which is currently dominated by PC, mobile and online games, is seen as a key growth area for console makers.<\/p>\n
The two partnerships are both with Shanghai Oriental Pearl, one gives Sony a 70% share and the other a 49% stake and both will operate out of Shanghai’s free trade zone.<\/p>\n