GREE Opens Subsidiary In The US

GREE CEO Yoshikazu Tanaka announced it in June last year, and now the Japanese mobile social gaming giant did make the second step on the road to internationalization (following the mig33 investment in Singapore): it just announced the establishment of GREE International, Inc., a wholly owned subsidiary in California.
The office will be led by the company’s CFO Naoki Aoyagi who joined GREE in 2006 and is fluent in English (Aoyagi is still listed as the CFO on GREE’s website).
GREE says the main goal is to accelerate their internationalization efforts and that they want to start off with a team of 10 people. The American subsidiary is capitalized with $1 million – expect a China office to follow soon.
GREE is currently listed at the Tokyo Stock Exchange with a $2.9 billion market cap.

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