Gree Inc has lost 702 million dollars a day in alleged illegal equity market capitalisation

According to the News, Gree Inc. is the youngest billionaire China Tanaka (Yoshikazu Tanaka) founder of the Community Web gaming company, recently, Because one of the methods of sale allegedly caused his equity market to evaporate 702 million dollars a day, and due to market concerns, Gree 7th in Tokyo, the loss of trading continued to expand, causing incalculable losses to the company.

According to data compiled by Bloomberg, the shares of Japan's second-largest social gaming operator, Gree, tumbled as much as 16% to 1380 yen on 7th, plunging 500 yen, Tanaka, 35, and holding a stock market that evaporated 56.1 billion yen (702 million US dollars) on the day.

Gree led Japanese game-related corporate stocks. The Japanese Consumer office (Consumer Affairs Agency) is studying whether the sales practices of gree, known as "complete Gacha", are illegal. The Yomiuri Shimbun May 5 reported that the consumer office would require community web game providers to stop using the system because it would prompt customers to pay too much.

Tokyo HuanYu Securities (Cosmo Nomura Co.) "For Gree and its rivals, the situation is still very grim and their profitability will be in jeopardy and will depend on the government's decision," analyst Mitsuo Shimizu said in a telephone interview 7th. ”

Forbes magazine said in March that Tanaka and Japan's youngest billionaire, estimated to have 3.5 billion dollars in property. After this incident, he held the Gree company 48.18% of the equity value of only 2.32 billion U.S. dollars.