In five years, Yoshikazu Tanaka became Japan's youngest billionaire as investors piled into Gree Inc., valuing his controlling stake in the early maker of phone-based games at $4 billion.

Japanese Internet darling Gree Inc. will close its China operations, a rare stumble for the company that underlines the challenges of launching a business in the world's biggest Internet market.

OnApril 26th, Gree reported revenue of 100.11 billion Yuan with net profit of7.38 billion Yuan for 2012, an increase of 19.87% and 40.92% respectively overa year-on-year basis.

Home appliance producer Gree Electric Appliances Inc of Zhuhai plans to increase its store count by 5,000 in 2013 to 20,000 in total, Oriental Morning Post reported on Monday, citing a company executive.

This brought its market value to �1.45 trillion, sending it past rivals Gree Inc. and DeNA Co. GungHo, which debuted on the Jasdaq in March 2005, even passed Nintendo Co.

(Nasdag: YHOO) has announced dual partnerships with GREE (TYO:3632) and DeNA (TYO: 2432), Japan's two larger mobile gaming companies and subsequent arch-rivals, to expand its mobile business opportunities through gaming.

Gree Electric Appliances Inc. and SAIC Motor Corp. paced gains for consumer-discretionary companies, jumping at least 1.9 percent.

"We have recently aligned Gree's US studio to focus on creating the next generation of mobile social games," Anil Dharni, COO of Gree International Inc. said in a statement issued to press. "This shift in focus has been clearly demonstrated by the ...

Don Whiteford and three of his colleagues started up the Nomad mobile-games studio in Warrington, near Liverpool, with the redundancy payout from THQ Inc., a U.S. developer that collapsed in 2012. Their first game, based on the fantasy board ... Gree ...

SAIC, the nation's biggest automaker, rose 5.5 percent to 16.39 yuan after it reported April sales jumped 15.9 percent from a year earlier to 426,026 units.