Sony, Shanghai Oriental Pearl to set up PlayStation JV in China

Japan's Sony and China's Shanghai Oriental Pearl Group will set up two joint ventures to make and market Sony's PlayStation games console in China, Shanghai Oriental Pearl said in a stock exchange filing on Monday. -- PHOTO: AFP
Japan's Sony and China's Shanghai Oriental Pearl Group will set up two joint ventures to make and market Sony's PlayStation games console in China, Shanghai Oriental Pearl said in a stock exchange filing on Monday. -- PHOTO: AFP

apan's Sony and China's Shanghai Oriental Pearl Group will set up two joint ventures to make and market Sony's PlayStation games console in China, Shanghai Oriental Pearl said in a stock exchange filing on Monday. -- PHOTO: AFP

BEIJING (Reuters) - Japan's Sony and China's Shanghai Oriental Pearl Group will set up two joint ventures to make and market Sony's PlayStation games console in China, Shanghai Oriental Pearl said in a stock exchange filing on Monday.

One joint venture will be responsible for the console's hardware, while the other will be focused on software, the company said in the filing to the Shanghai Stock Exchange.

The joint ventures will be set up by a subsidiary of Shanghai Oriental Pearl and by Sony's China arm.