One joint venture will have registered capital of 43.8 million yuan (around $7 million), with the ownership split 70/30 between Sony and Shanghai Oriental Pearl. The other will have registered capital of 10 million yuan ($1.6 million), with Shanghai Oriental Peal owning 51 percent to Sony's 49.
Sony follows Microsoft as another platform holder to enter the Chinese market, after the country lifted its 14-year-ban on consoles this year. Like Microsoft, Sony is complying with rules that demand foreign companies work with local businesses to make systems in the Shanghai Free Trade Zone.
It's presumed Sony plans to release the PS4 in the country, with Microsoft's Xbox One due to launch in September. Meanwhile, Nintendo said it plans to launch "new hardware" in emerging markets like China starting next year.