The tech world was on fire this week following a report that China might be about to lift its 13-year-old ban on videogame consoles, which would potentially allow the industry’s big players access to tens of millions of previously untapped customers.
The rumors stemmed from a report on the state-owned ChinaDaily that cited a source in China’s Ministry of Culture, claiming that the ministry was considering lifting the ban. The news was followed by a rise in the stock prices of Sony, Nintendo and Microsoft, which produce game consoles and would potentially benefit most from the ban being lifted. But those with knowledge of the Chinese game market told Wired that they believe the ban will remain in place, and that little would change in China even if it were lifted, in part because the ban is largely ignored.
Source: Wired. Read full article. (link)