Microsoft and BesTV form joint venture to bring 'family games' and services to China

Microsoft has partnered up with Shanghai's BesTV for a new gaming initiative aimed at the Chinese market, but details on the joint project are relatively slim. Xinhua News reports that total investment from both sides is expected to reach $237 million USD; BesTV will hold a 51 percent stake in the venture, with Microsoft laying claim to 49 percent. For now, it's been named E-Home Entertainment Development, and BesTV — which manufactures various electronics including IPTVs — says its partnership with Microsoft will lead to "family games and related services."

As Polygon points out, some press outlets are claiming that an Xbox-inspired gaming console is in the works, but neither side has outlined specifics as to what China's...

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