According to the LinkedIn page for Ubisoft Shanghai's Design Manager, Ubisoft Shanghai may be working on the next entry in the Far Cry series, following 2012's highly acclaimed third mainline entry, Far Cry 3.
It wouldn't come as a huge surprise to find that Ubisoft Shanghai are working on an entry in the franchise, as they helped out in the development of both Far Cry 3 and Far Cry 3: Blood Dragon. The developer is rumoured to have been working on Far Cry 4 since September 2013, so a 2015 release could be on the cards.
Source:
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