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Sony, Shanghai Oriental Pearl to set up China PlayStation JVs


By Paul Carsten BEIJING (Reuters) – Japans Sony Corp and Chinas Shanghai Oriental Pearl Group Co Ltd will set up two joint ventures to make and market Sonys PlayStation games console in China, Shanghai Oriental Pearl said in a stock exchange filing on Monday. One joint venture will be responsible for the consoles hardware, while the other will be focused on software, the company said in the filing to the Shanghai Stock Exchange. The joint ventures, which will be in Shanghais free trade zone, will be set up by a subsidiary of Shanghai Oriental Pearl and by Sonys China arm.

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