{"id":10947,"date":"2010-11-02T19:10:58","date_gmt":"2010-11-02T10:10:58","guid":{"rendered":"http:\/\/asiajin.com\/blog\/?p=10947"},"modified":"2010-11-02T19:10:58","modified_gmt":"2010-11-02T10:10:58","slug":"gree-to-take-several-percent-stake-in-singapores-smsim-based-social-network-mig33","status":"publish","type":"post","link":"https:\/\/asiajin.com\/blog\/2010\/11\/gree-to-take-several-percent-stake-in-singapores-smsim-based-social-network-mig33\/","title":{"rendered":"Gree To Take Several Percent Stake In Singapore&#8217;s SMS\/IM-based Social Network Mig33"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"GREE's Logo\" src=\"http:\/\/img.asiajin.com\/blog\/wp-content\/uploads\/2008\/11\/gree-logo.png\" alt=\"\" width=\"234\" height=\"73\" \/><a href=\"http:\/\/img.asiajin.com\/blog\/wp-content\/uploads\/2010\/11\/mig33_logo.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-10948\" title=\"mig33's Logo\" src=\"http:\/\/img.asiajin.com\/blog\/wp-content\/uploads\/2010\/11\/mig33_logo.png\" alt=\"\" width=\"126\" height=\"80\" \/><\/a><br \/>\nJapan&#8217;s third largest social network <a href=\"http:\/\/gree.jp\">GREE[J]<\/a> announced today they would invest in <a href=\"http:\/\/www.mig33.com\/\">Mig33<\/a> (by Project Goth, Inc.) who is a SMS and IM text messaging-based social network platform in Singapore.\u00a0\u00a0 GREE plans to invest several million US dollars in Mig33&#8217;s series C round and to acquire several percent stake.\u00a0\u00a0 This will be the first ever case investing in a non-Japanese company for GREE.\u00a0\u00a0 Mig33 is a social network platform designed for feature phones and has engaged 40 million users in emerging countries in Africa, Asia, Middle East and Eastern Europe.\u00a0\u00a0 The two companies are expecting to work together for developing a common platform that allows the third party providers to publish their apps and services on the both social networks.<br \/>\nGREE announed last month that they would take 4.2% stake in <a href=\"http:\/\/www.cosme.net\/\">@cosme[J]<\/a> (by <a href=\"http:\/\/www.istyle.co.jp\/\">iStyle, Inc.[J]<\/a>), a word-of-mouth based marketing portal especially on cosmetics products targeting Japanese females in their 20s and 30s.<br \/>\nPrior to this round, Mig33 has accumulated 2.35 million US dollars fundraising from VC firms including <a href=\"http:\/\/www.accel.com\/\">Accel Partners<\/a>, <a href=\"http:\/\/www.redpoint.com\/\">Redpoint Ventures<\/a> and <a href=\"http:\/\/www.dcm.com\">DCM<\/a>.<br \/>\n\ufeff<br \/>\nvia: <a href=\"http:\/\/www.secondtimes.net\/news\/japan\/20101102_mig33.html\">Second Times[J]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japan&#8217;s third largest social network GREE[J] announced today they would invest in Mig33 (by Project Goth, Inc.) who is a SMS and IM text messaging-based social network platform in Singapore.\u00a0\u00a0 GREE plans to invest several million US dollars in Mig33&#8217;s series C round and to acquire several percent stake.\u00a0\u00a0 This will be the first ever&hellip; <a class=\"more-link\" href=\"https:\/\/asiajin.com\/blog\/2010\/11\/gree-to-take-several-percent-stake-in-singapores-smsim-based-social-network-mig33\/\">Continue reading <span class=\"screen-reader-text\">Gree To Take Several Percent Stake In Singapore&#8217;s SMS\/IM-based Social Network Mig33<\/span><\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[9,17,24,30],"tags":[82,1441,2311],"class_list":["post-10947","post","type-post","status-publish","format-standard","hentry","category-company","category-japan","category-news","category-singapore","tag-cosme","tag-gree","tag-mig33","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/posts\/10947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/comments?post=10947"}],"version-history":[{"count":0,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/posts\/10947\/revisions"}],"wp:attachment":[{"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/media?parent=10947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/categories?post=10947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/tags?post=10947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}