Xbox One and PS4 are about to become one family in China

Xbox One and PS4 are about to become one family in China
Guided by the establishment of the Shanghai Free Trade Zone and the lifting of the ban on game consoles in the mainland, Microsoft and Sony respectively approached BesTV and Oriental Pearl, which are controlled by Shanghai Oriental Media Group (formerly Shanghai Media Group, SMG), to start cooperation. The introduction of Xbox One and PS4 was finalized one after another, and the console war in the Chinese market was about to start. However, the latest trends from the capital market suggest that the two mortal enemies, Xbox One and PS4, may be forced to become one family in China. Shanghai Oriental Pearl issued a statement yesterday afternoon, denying the previous news about the merger with BesTV, and on the other hand, it once again extended its suspension period in the stock market. Analysts believe that this move has given a clear signal to the outside world that Shanghai Oriental Media Group is carrying out a major asset restructuring plan involving BesTV and Oriental Pearl. Taking into account the overlapping businesses of the two companies and that BesTV's capital scale and brand influence are higher than those of Oriental Pearl, the outside world still retains the view that the two companies will merge, and at the same time gives three possible directions for future development: - BesTV acquires Oriental Pearl and continues to use the BesTV name externally; - BesTV merges with Oriental Pearl to form a new company; - BesTV and Oriental Pearl are retained, but their respective business directions and strategies are adjusted.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.

<<:  Why can Apple, which has repeatedly failed in gaming performance, collect 40 billion in taxes every year?

>>:  How do other countries broadcast the World Cup?

Recommend

These Android apps may stop working in 2022

ARM held the DevSummit Developer Summit. At the m...

WWDC celebrates its 30th anniversary. Will iOS and macOS finally be connected?

This article is reproduced from Leiphone.com. If ...

How to attract new users to Meituan, Ele.me and other apps

Some people lament that life service platforms su...

How to use zero-threshold oCPC delivery?

Baidu's zero-threshold oCPC has been online f...

Finally back! Didi Hitch will start trial operation in 7 cities from November 20

Recently, Didi officially announced that Didi Hit...

12 Tips Every Beginner Android Developer Should Know

[[207924]] Learn Android better one skill at a ti...

How to plan a super event promotion?

Regarding event planning, I have written an artic...

Aite Tribe Stories (2): The Road to Transformation Caused by Chance

【51CTO.com original article】 Use craftsmanship to...

When the sun dies, will new life appear in the universe? | Tutu Science Fiction

Vocabulary Nuclear fusion Swell Degenerate state ...

Real estate advertising, a good era has passed

In 2003, "The distance I can keep from the w...