Microsoft announces Xbox One will launch in China on September 23, 2014, making it the first foreign company to sell consoles in the world’s third biggest gaming market. A ban on consoles was lifted in China earlier this year. The console will cost 3,699 yuan ($600) without the Kinect motion detection system and 4,299 yuan ($700) with Kinect, about $200 more than the consoles cost in the USA. Last year, a deal was reached with Chinese internet TV set-top box maker BesTV New Media Co Ltd to form a joint venture to manufacture the consoles in Shanghai’s Free Trade Zone.
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