GREE, with KDDI and Tencent, Launches First Global Android-focused Fund- New “A-Fund” Managed by DCM Marks $100 Million Strategic Initiative -

TOKYO, Japan - April 22, 2011 - GREE, Japan's leading mobile social gaming platform, today announced the launch of the world's first Android-focused fund (“A-Fund”) to be managed by leading Pacific Rim technology venture capital firm DCM. The A-Fund^SM is a $100 million investment initiative that will focus on startups developing compelling solutions taking advantage of Android's rapid growth.

GREE and KDDI Corporation, Japan's second largest mobile operator, are anchor investors. Funding and support will also come from strategic partner Tencent, one of China's largest integrated Internet services companies. The A-Fund will be managed by DCM, an investor in early stage technology companies based in Silicon Valley, Beijing and Tokyo. DCM plans to announce additional partners in the A-Fund, including a leading US based semiconductor company, in the coming weeks.

“There is an amazing array of ideas and talent waiting to be unleashed,” said Yoshikazu Tanaka, founder and CEO of GREE. “The A-Fund will give start-ups the ability to take advantage of Android's inherent international potential, and access to top investors and strategic partners across the world.”

“We are very excited to kick off this truly global and groundbreaking partnership,” said Makoto Takahashi, senior vice president of KDDI. “Leveraging our years of experience in mobile innovation and leadership in Japan, this new fund can help foster the next generation of disruptive mobile businesses around the world.”

The A-Fund will create a strong network of top-tier start-ups and provide access to resources, relationships and business opportunities catered to the needs of Android related companies. DCM and its corporate partners will provide the capital, global business expertise, business development support, and other value-add services needed to succeed in a rapidly evolving market.

“The rise of Android is a rare and massive opportunity - one that comes only once in a major tech cycle,” said David Chao, co-founder and general partner, DCM. “The A-Fund will seek out the most promising companies enhancing and extending the rich open Android ecosystem-in mobile and beyond-including applications, services, and enabling technologies.”

Led by DCM partners in Silicon Valley, Tokyo and Beijing, the A-Fund is open to startups and developers from around the world, at any stage and size, whose products will shape the future of the Android ecosystem.

Android is one of the fastest growing technology platforms in the world in terms of both adoption and app deployment. In the last 12 months, the number of Android enabled devices has grown 861 percent; today there are more than 250,000 apps in the Android market and millions of Android devices around the world.