Ouya, a gaming console developer, is in early acquisition talks with several Chinese and American companies, according to Re/code.

Companies reportedly in the mix include Xiaomi and Tencent as well as Google and Amazon.

Representatives of Ouya could not be reached for comment.

Ouya hit the gaming scene in 2012 after it raised $8.6 million through crowdfunding site Kickstarter to develop a low-cost console of the same name. It was the site’s largest funded project at the time. The Santa Monica console developer also raised $15 million last year, a round led by Kleiner Perkins Caufield & Byers and Mayfield Fund.

The Android-powered console, retailed at $99, promised a mobile approach to video games, requiring them to be “free to play” with in-game purchases and upgrades. But the final product fell short of expectations.

The interest in Ouya from across the Pacific isn’t surprising though. China lifted a 14-year ban on foreign video game consoles earlier this year, giving new rise to developers looking to capitalize on the country’s $14 billion video game industry.

Staff reporter Melissah Yang can be reached at MYang@labusinessjournal.com. Follow her on Twitter @MelissahYang for the latest in L.A. tech news.

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