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Sony boss Kaz Hirai recently said in Shanghai that Sony is working to release its home console in China. However, Sony explained it needed to first create a retail network that can support the PS4. As TechInAsia explains, specifics like a timeline, weren't given.
DISCUSSION
They'll probably need to have some shady deals with the large distributors of both hardware and software.
China's a huge market, but it's such a pain in the ass to really exploit.