GREE, a mobile social network only operating in Japan, is adding members at an incredible speed. In April 2008, the number of registered users hit 10 million members already, but GREE expects a whopping 2 million more as early as the end of this month. GREE offers dozens of (essentially) free games to play on… Continue reading Mobile social network GREE adds 2 million members in 3 months, makes lots of money
Tag: Gree
Gree says net profit is up 500%, expects yearly sales of 123 million USD
Mobile social networking site Gree [JP] said Friday that their net profit will probably increase by a whopping 500% on a year-by-year basis to 3.5 billion Yen (38.6 million USD, 28.7 million Euros) in the current fiscal year (which ends for GREE on June 30). This is 300 million Yen (3.3 million USD, 2.5 million… Continue reading Gree says net profit is up 500%, expects yearly sales of 123 million USD
Gree and Paperboy stocks trade much above IPO prices
Gree (TSE:3632) and Paperboy (JASDAQ:3633) went public on December 17th and 19th respectively as we reported before. Gree’s IPO price is 3,300yen ($33) per share. On 17th, Gree stock opened with 5,000yen ($50), and closed with 4,800yen ($48). Its market capitalization, 107 billion yen ($1B), is larger than Mixi (TSE:2121). Gree issued 1.2 million new… Continue reading Gree and Paperboy stocks trade much above IPO prices
Summary of Gree’s financial statements
Yoshikazu Tanaka founded Gree (JP) in 2004. At first, Gree‘s SNS services were aimed at PC users, but Mixi had greater success in the PC market. So, Gree partnered with mobile phone operator KDDI in November 2006, and entered the mobile market. KDDI holds 7.58 percent of Gree’s shares. Now, 99% of Gree’s 8.3 billion monthly page… Continue reading Summary of Gree’s financial statements
Breaking News: Gree goes IPO
Gree Inc. Japanese Social Network Service (SNS) company which has been chasing Mixi in PC web, and Mobage-Town/DeNA in mobile web, seems to be listed on the Tokyo Stock Exchange Mothers (Tosho Mothers) around December 17th. No mentioned on Gree’s company site yet. Both Gree and Mixi launched in February 2004, seeing orkut’s success which… Continue reading Breaking News: Gree goes IPO