Bloomberg News

Gree Aims to Have 1 Billion User Accounts Within Five Years

December 06, 2011

(Updates with comment from president in second paragraph.)

Dec. 6 (Bloomberg) -- Gree Inc., Japan’s second-biggest social-networking service, aims to have 1 billion user accounts in three to five years.

Gree plans to begin operating its new integrated global platform in the three months ending June 30 to compete with Facebook Inc. and Zynga Inc., it said. The Tokyo-based company acquired Burlingame, California-based online-games network OpenFeint Inc. for $104 million in April as it seeks to expand overseas.

“Three to five years is possible,” President Yoshikazu Tanaka told reporters today in Tokyo. “As social-networking services expand, I believe it’s not far in the future.”

Gree has 150 million user accounts globally, with overseas operations in nine countries. The social-network operator will offer user-support services in 14 languages starting next year, it said.

OpenFeint provides more than 5,000 games for smartphones, it said on its website.

Shares of Gree fell 0.6 percent to 2,508 yen as of the 3 p.m. close of trading in Tokyo. The stock has more than doubled this year, compared with a 16 percent decline in Japan’s benchmark Nikkei 225 Stock Average.

--Editors: Terje Langeland, Michael Tighe

To contact the reporter on this story: Kazuyo Sawa in Tokyo at ksawa3@bloomberg.net

To contact the editor responsible for this story: Michael Tighe at mtighe4@bloomberg.net


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus