According to Mr. Kunimitsu, CEO of gumi, the social game startup will execute an allocation of new shares to GREE soon. The precise amount is not revealed, but the CEO said that it will be multimillion-dollar.
The main use of the capital is to hire employees, aiming to increase to 120 within the year from the current 80.
gumi sees social applications for smartphones as their future target market. And it is web applications rather than native applications.
TechCrunch Japan 10/14/2010
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