Microsoft is working on setting up a joint-venture company in China with BesTV to release the Xbox One in China, according to a report on Games in Asia. The console is expected to launch in China this July and is expected to sell at least 100,000 units.
Microsoft is in charge of appointing BesTV's CEO. The new CEO must meet three requirements. That he or she understands the Chinese market, understands Microsoft, and is able to speak Chinese. The announcement is expected to take place this month.
Games are expected to retail under 300 RMB, which would be udner $50. This is less than the $60 price new games retail for in the US. BesTV is also going to be working on releasing domestic games on the Xbox One.