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