Microsoft Xbox One to launch in China Sept 23
Quotes

Microsoft Xbox One to launch in China Sept 23

Last Updated: Wednesday, July 30, 2014, 16:12
 
 Comment 0
 
Microsoft Xbox One to launch in China Sept 23
Shanghai: Microsoft Corp will launch its Xbox One gaming console in China on September 23, making it the first foreign company to start selling consoles in the world`s third biggest gaming market after a ban on the devices was lifted this year.

Yusuf Mehdi, head of marketing and strategy for Microsoft`s Xbox group, announced the launch date at an event in Shanghai.

In September last year, Microsoft reached a deal with Chinese internet TV set-top box maker BesTV New Media Co Ltd Co, to form a joint venture to manufacture the consoles in Shanghai`s Free Trade Zone.

Zhang Dazhong, a senior vice president at Shanghai Media Group, the parent of BesTV New Media, said at the event the Xbox launch had been approved by the government.

Microsoft is forging ahead with the console launch despite Tuesday`s government announcement that the U.S. software giant is the subject of an anti-monopoly investigation.

China is the world`s third biggest gaming market, where revenues grew by more than a third in 2012 to nearly USD 14 billion last year, but piracy and the dominance of PC and mobile gaming will leave little room for legitimate console and game sales.

This year, the government lifted a 2000 ban on gaming consoles.

In May, Sony Corp said it would set up a joint-venture with Shanghai Oriental Pearl Group to bring the PlayStation games console to China.




Reuters

First Published: Wednesday, July 30, 2014, 16:08


Comments


comments powered by Disqus
Forbes 2015 Rich List
Forbes 2015 Rich List
Audi TT Coupé
Audi TT Coupé
Shanghai Auto Show 2015
Shanghai Auto Show 2015
PM Narendra Modi in France
PM Narendra Modi in France
PM Modi`s Make in India push in Germany
PM Modi`s Make in India push in Germany

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved