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Over a decade after the Chinese government voted to ban all foreign video games and consoles, a temporary suspension of that ban has opened up the Shanghai Free Trade Zone to game publishers. Microsoft has already opened up Xbox One pre-orders in the region, but Sony stands to gain a lot more from the new market as polls indicate that PlayStation 4 is drawing over five times as much interest as Xbox One in China.

Sony Chief Financial Officer Kenichiro Yoshida recently addressed the company's plans to release in China as part of the quarterly financial report. Yoshida stated that he recognized that a competitor had launched in China first and that Sony still intended to follow suit. However, he revealed that Sony has not yet decided when PlayStation 4 will launch in China. It looks like there's one region where Xbox will have a head start.

It's shouldn't be too surprising that Japanese gamers are anticipating Square's long awaited Final Fantasy XV and Kingdom Hearts 3. Both games were shown at E3 2013, but not much has been shown since. Despite that, these games still sit high on Famitsu's top five most wanted games, with Final Fantasy XV sitting at number three and Kingdom Hearts 3 placing number five. That's incredible considering that these games are even beating out titles like Metal Gear Solid V: The Phantom Pain and Bloodborne.

Recently we reported on Nintendo's financial results and sales figures for quarter one of fiscal 2014, or April 1 until June 30, 2014. Sony has followed suit in releasing their quarterly results, and things are looking pretty good for the PlayStation brand this year. After suffering a fiscal loss last year, Sony is reporting $265 million in net profit for the past three months, and their gaming division is a big part of the financial turnaround. Hit the jump for more details.

Konami recently promised that there would be some "major advances" for Metal Gear Solid V: The Phantom Pain on display at Gamescom, and today they gave us a little more insight into what we can expect. Series creator Hideo Kojima will be showing off brand new gameplay for The Phantom Pain at Gamescom, and it's said that his goal is to showcase the power of the Fox Engine. This new gameplay footage will be live streamed as part of the Gamescom preview show hosted by Geoff Keighley. Are you excited for The Phantom Pain?

The weekly sales numbers are in for video game hardware and software in Japan, and Yokai Watch 2 continues to dominate at number one with no real threats to its position. Now in its third week, Yokai Watch 2 sold another 180,000 units this week, bringing its lifetime total to just shy of 2 million. Yoshi's New Island launched in Japan this week (months after the rest of the world) and came in second place with a respectable 58,285 units sold. 3DS and Wii U each saw slight improvements over last week's numbers, while all other consoles took a slight dip in sales. Hit the jump for the full breakdown.

Sony's quirky, creative platformer LittleBigPlanet 3 officially has a release date, and that day is November 18th, 2014. This news comes from the official PlayStation Blog, and also included in the post were details on the many different LittleBigPlanet 3 pre-order bonuses.

Depending on how and for which console, PlayStation 3 or 4, you purchase the game, you'll end up with different bonuses. Most of them are costumes, but there's also a plush.

Head inside for the breakdown.

A quick reminder that PlayStation Now's beta begins tomorrow. North American PlayStation 4 users will be able to stream numerous PlayStation 3 titles to their consoles for a set rental price, with costs as low as $1.99.

Jack Buser, one of the minds behind PlayStation Now, offered an update on Sony's plans to offer a subscription model, along with the current à la carte option. There are no concrete details at this time though.

"We're working diligently to bring a subscription option to gamers to compliment our rental offering for PlayStation Now. We believe that offering both of these options would provide gamers the freedom to discover and play games in ways that weren't before possible." — Jack Buser, Senior Director of PS Now

Far Cry 4 ditches the island setting of the first and third entries in the series and sends the protagonist up into the Himalayas instead. There is warfare, warlords, and, to sum it up, war. Also, a fabulously dressed Troy Baker with an anger management issue.

Ubisoft has revealed just how the world of Far Cry 4 was dreamed up by developers. Seeking inspiration from real villages and people in the Himalayas, Ubisoft has done its homework on the subject matter.

Check out the video inside to see the team's journey.

Activision has announced that a ton of players were attracted to the sneak peek of Destiny; 4.6 million people on current-generation and last-generation systems turned on the beta and explored the world(s) of Bungie's sci-fi shooter. That makes it the most successful beta for a new IP of all time.

"We were totally blown away by the number of people who played the beta. We surpassed even our own goals and the feedback was invaluable. We cannot thank the community enough, the response was humbling and in the weeks ahead we'll be working hard to ensure that Destiny lives up to the expectations at launch." — Pete Parsons, Chief Operating Officer at Bungie

Were you one of those 4.6 million people? Tell us in the comments.

During the San Diego Comic-Con, Warner Bros. Interactive Entertainment released a new story trailer for the upcoming game Middle-Earth: Shadow of Mordor. Key points, such as the identity of Talion's wraith, as well as his connection to Sauron and the rings, are revealed within the trailer. Not only are more details divulged, but also a new character: the Elvin Smith, Celebrimbor. The trailer is quite thrilling and does well making one excited for the game.

Hop past the jump to see for yourself!