Source:
https://scmp.com/business/companies/article/1317887/microsoft-china-games-joint-venture
Business/ Companies

Microsoft in China games joint venture

Microsoft is forming a video-game venture with a Chinese company to capitalise on proposed free-trade rules that would end a 13-year ban on foreign firms selling consoles on the mainland.

The US firm and BesTV New Media, a subsidiary of Shanghai Media, formed a US$79 million gaming venture, BesTV announced in a statement to Shanghai's stock exchange on Monday.