Chinese television maker TCL Corp. is releasing its first video game console similar to Microsoft Corp.’s Xbox later this year, China Daily reported Tuesday, citing a company executive. The Guangdong-based firm did not give a launch date. TCL hopes its new gaming consoles will help it tap into a lucrative market that has been closed for more than a decade, the report. It will focus on entertainment this year amid increasing demand for video games from Chinese youngsters, Hao Yi, president of TCL Multimedia Technology Holdings Ltd., a subsidiary of TCL Corp., was quoted as saying.
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