{"id":4333,"date":"2009-07-01T23:05:07","date_gmt":"2009-07-01T14:05:07","guid":{"rendered":"http:\/\/asiajin.com\/blog\/?p=4333"},"modified":"2009-07-01T23:05:07","modified_gmt":"2009-07-01T14:05:07","slug":"grees-market-cap-soars-past-16-billion-now-higher-than-denas-and-nearly-twice-as-high-as-mixis","status":"publish","type":"post","link":"https:\/\/asiajin.com\/blog\/2009\/07\/grees-market-cap-soars-past-16-billion-now-higher-than-denas-and-nearly-twice-as-high-as-mixis\/","title":{"rendered":"GREE’s market cap soars past $1.6 billion, now higher than DeNA’s and nearly twice as high as Mixi’s"},"content":{"rendered":"

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\nIt seems that GREE<\/a>‘s [JP] success story won’t come to an end too anytime soon. The performance of the 99% mobile social network\/gaming platform is becoming scary, as in bubble-type scary. Stocks are rising and rising since the company went IPO in December last year<\/a> and the financial situation keeps on improving<\/a>, too.
\nAnd as a result, today marked the first time GREE’s market capitalization stood higher than that of competing mobile social network operator DeNA<\/a>. DeNA is operating the social gaming platform Mobagetown whose business model (and almost everything else) was “inspiration” for GREE back in 2006, when the company completely overhauled the service and moved from the fixed web to mobile.
\nAs far as the market cap is concerned, GREE is also beating Japan’s biggest social network Mixi<\/a> [JP] whose number is nearly half as big currently.
\nAt the Tokyo Mothers Stock Exchange for start-ups<\/a>, the current situation (market cap-wise) looks like this:<\/p>\n