Japanese social game giant Gree invests in India's mobile social network Mig33

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NetEase technology News November 1, the Japanese social game giant Gree in its official website announced today, the strategic investment in India mobile phone social service provider MIG33, the amount has not been disclosed.

Mig33 is one of Asia's largest mobile social networking service providers, mainly for India, Indonesia, South Africa, Bangladesh, Kenya and other South and south-East Asian countries and other emerging countries. With more than 40 million registered users, the service includes VoIP Internet telephony, instant messaging, email, photo sharing, social gaming services, and its business model is virtual goods and gifts, such as users can pay to customize and beautify their Mig33 head.

Founded in 2005, MIG33 has received approximately $23.5 million in investment from Accel, Redpoint Ventures and DCM. Mig33 said the company in India, Indonesia and other countries, each user can bring more than 1 U.S. dollars per month revenue.

Gree explained the reasons for the investment, it is currently exerting force overseas business, and Mig33 in South Asia and Southeast Asia has a great advantage, hope that through this investment, so that their business coverage of several countries, a number of mobile platforms.

At present, the Japanese SNS market competition is fierce, leading enterprises have increased overseas investment, gree competitor Dena recently also accelerated overseas investment, including 400 million U.S. dollars to acquire the US iphone game developer Ngmoco, also bought the US handset game developer Gameview and Astro Ape. (Text fly)