Comments on: Mobile Social Network GREE Lands a Big IPO, In Japan

By: Overview Of The Japanese Web And An Interview With the CEO Of Japan’s Biggest Social Network Mixi (GeeksOnAPlane In Tokyo)

Thu, 18 Jun 2009 13:24:15 +0000

[...] players in the mobile web only-field: Mobagetown (13 million members) and GREE (10 million [...]

By: Asiajin » Mobile social network GREE adds 2 million members in 3 months, makes lots of money

Sat, 13 Jun 2009 15:02:50 +0000

[...] with a market cap that currently stands at a whopping $1.4 billion. GREE, which went IPO in December last year, dwarfs former rival Mixi whose market cap currently reaches just $700 million. (With 17 million [...]

By: Aburjubur.com » A Recipe Site Goes IPO, In Japan (Cookpad)

Aburjubur.com » A Recipe Site Goes IPO, In Japan (Cookpad) — Fri, 12 Jun 2009 20:18:12 +0000

[...] startup companies is the same in which Japanese site GREE, a mobile-only social gaming service that went IPO in December last year, achieved a market cap of $1.3 billion on its first day. GREE and Cookpad going IPO is good news [...]

By: The Far Edge » Blog Archive » A Recipe Site Goes IPO, In Japan (Cookpad)

Fri, 12 Jun 2009 19:35:42 +0000

By: A Recipe Site Goes IPO, In Japan (Cookpad)

A Recipe Site Goes IPO, In Japan (Cookpad) — Fri, 12 Jun 2009 11:50:32 +0000

By: The Far Edge » Blog Archive » Overview Of The Japanese Web And An Interview With the CEO Of Japan’s Biggest Social Network Mixi (GeeksOnAPlane In Tokyo)

Fri, 12 Jun 2009 02:40:53 +0000

[...] players in the mobile web only-field: Mobagetown (13 million members) and GREE (10 million [...]

By: GeeksOnAPlane: Learnings From Tokyo

GeeksOnAPlane: Learnings From Tokyo — Wed, 10 Jun 2009 14:49:37 +0000

[...] and MySpace, the Japanese witness a mindshare grab between the social networks Mixi, Gree (which had an IPO last year) and DeNA (which operates mobile social network Mobage-town). These networks are very [...]

By: How To Monetize a Social Network: MySpace and Facebook Should Follow TenCent « abovethecrowd.com

Tue, 10 Mar 2009 22:49:08 +0000

[...] the Tokyo Stock Exchange. You will see in the same spreadsheet that Mixi, DENA (Mobage-town), and GREE have market capitalizations of US$511MM, US$1.5B, and US$1.1B respectively, and are all very [...]

By: Tokyo Meetup Notes: Japan’s Coolest (And Weirdest) Startups | Sydney Web Design

Sat, 07 Feb 2009 01:12:12 +0000

[...] Yahoo Japan, telecommunications giants KDDI and NTT, Opera, MySpace Japan, mobile social network GREE and many more. Japan’s super blogger Danny Choo also joined, spending the whole evening in [...]

By: Tokyo Meetup Notes: Japan’s Coolest (And Weirdest) Startups | Kawink Blog

Tokyo Meetup Notes: Japan’s Coolest (And Weirdest) Startups | Kawink Blog — Thu, 05 Feb 2009 18:22:44 +0000

By: CrunchGear Japan Meet-up: Great success

CrunchGear Japan Meet-up: Great success — Thu, 05 Feb 2009 16:24:04 +0000

By: Tokyo Meetup Notes: Japan’s Coolest (And Weirdest) Startups

Tokyo Meetup Notes: Japan’s Coolest (And Weirdest) Startups — Thu, 05 Feb 2009 03:56:33 +0000

By: Tokyo Meetup Notes: Japan’s Coolest (And Weirdest) Startups | 226bw Tech News Blog

Thu, 05 Feb 2009 00:12:36 +0000

By: Tokyo Meetup Notes: Japan’s Coolest (And Weirdest) Startups | All about MICROSOFT

Wed, 04 Feb 2009 18:40:50 +0000

By: Tokyo Meetup Notes: Japan’s Coolest (And Weirdest) Startups

Tokyo Meetup Notes: Japan’s Coolest (And Weirdest) Startups — Wed, 04 Feb 2009 18:17:10 +0000

By: Mobil Sosyal Ağlar Türkiye’de de 2009′a ve sonrasına hükmedecek | Şekip Can Gökalp

Tue, 30 Dec 2008 20:56:56 +0000

[...] Uzak doğuda tsunami (nasıl kelime oyunu ama) etkisi yaratarak piyasalarda kendine devasa alanlar açan mobil sosyal ağlar, henüz dünyanın kalanında o kadar büyük güce ulaşamadılar. Bunun [...]

By: Benjamin Joffe

Benjamin Joffe — Sat, 27 Dec 2008 02:31:27 +0000

@MJG Gree should reach 100 million USD revenues this year with 60% margin. That is 60 million USD, or less than 20 PER for a high-growth company. Does that still sound unreasonable? (note: I am not saying the high growth will last forever though).

Gree becomes the 5th SNS listed on a stock market after Xing (Germany), Tencent (China/HK), Mixi (Japan) and DeNA (Japan). MySpace and Cyworld are listed indirectly respectively via News Corp in US and SK Telecom in South Korea.

Would it be that 80% of listed pure players are in Asia? More, half of them are mobile!

That being said and as pointed out by Serkan, Gree’s originality is debatable – the service is a corporate copycat of Mobile Game Town. The business model is an adaptation of Cyworld’s and even the most popular game is a slight upgrade of your usual fishing game. It was even copied back by Mobile Game Town – Gree’s CEO was asked what he thought of it and he recognized there was not much IP to defend there.

So it looks like much of Gree’s success lies in their adaptability (like ditching what was their main service – the web version, or changing their biz model), their speed and the fact they landed a great corporate investor (KDDI) who not only financed them but gave them preferential access to their subscriber base. Is this “business as usual”?

By: Yoshikazu Tanaka | Viraload

Yoshikazu Tanaka | Viraload — Thu, 25 Dec 2008 04:47:23 +0000

[...] TechCrunch Mobile Social Network GREE Lands Big IPO, In Japan [...]

By: MJG

MJG — Tue, 23 Dec 2008 23:27:49 +0000

How can a company with revenues less than $40 million and profit less than $20 million be valued at a $1 billion + market cap?

It doesn´t really make sense. The stock is just hyped.

By: links for 2008-12-23 « 個人的な雑記

links for 2008-12-23 « 個人的な雑記 — Tue, 23 Dec 2008 22:05:03 +0000

[...] Mobile Social Network GREE Lands a Big IPO, In Japan (tags: gree) [...]

By: benn

benn — Tue, 23 Dec 2008 13:34:14 +0000

anything regarding the social networking gonna rock these days

By: Venkat

Venkat — Tue, 23 Dec 2008 05:01:41 +0000

Good for gree!

By: Serkan Toto

Serkan Toto — Tue, 23 Dec 2008 04:20:46 +0000

@Elliot, Matt
You are right. Sorry for the mistake (fixed now).

By: Matt

Matt — Tue, 23 Dec 2008 00:45:12 +0000

@Elliot

Revenue numbers are off by a factor of 10–revenues for FY08 were more in the neighborhood of $30M and $20M for Q1 of ‘09

http://www.gree.../highlight.html

By: Elliot Shmukler

Mon, 22 Dec 2008 23:11:54 +0000

Those revenue numbers are a mistake right? $330M annual would be bigger then Facebook, 10-fold the size of mixi, etc.