Microsoft Xbox One Sales to Start in China This Fall

Microsoft will begin selling the Xbox One gaming console in China.
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Microsoft will begin selling the Xbox One gaming console in China on September 23. Microsoft will be the first foreign company to sell consoles in China after the government lifted a ban on the devices this year. Microsoft announced the launch date at an event in Shanghai saying the release has been approved by the Chinese government. With the announcement, Microsoft is expanding in the world's third-largest gaming market where revenues grew by more than a third from 2012 to nearly $14 billion last year. In the company's fiscal fourth quarter, Microsoft's computing and gaming hardware revenue for the company increased $274 million or 23%, according to results released in July. This announcement from Microsoft comes even as the company is being investigated by the Chinese government on anti-monopoly allegations. The Street's Kathryn Mykleseth reports in New York.