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Mixi shares surge after invitation-only app launch

Shares of Mixi Inc., a Japanese mobile game and social network provider, hit an intraday peak of ¥3,430 (US$22) on Tuesday.

This marks the highest price since June 2018, following an 8.5% increase in the stock price, which built on the previous day’s 8% rise.

The newly launched social networking service, mixi2, will use an invitation-only system, similar to the original mixi platform from 2004.

Recent MIXI developments

Timeline
08-Aug-2023 🎮 Mixi launches $50m fund for India-based entertainment startups
  • Mixi launches $50M venture for Indian startups
  • Focus on digital entertainment sector investments
27-Dec-2012 📱 Japan’s Mixi Acquires Tokyo-based Barter/Curation Site Developer Kamado
  • Mixi acquires Tokyo-based startup Kamado Inc.
  • Deal aims to boost Mixi’s smartphone service strategy.
18-Sep-2012 👗 Mixi’s Starts Subscription Fashion Service ‘Petite Jeté,’ 4200 Yen/Month, Free Delivery
  • Mixi launches fashion service, Petite Jeté.
  • Monthly fee set at 4,200 yen with free delivery.
15-May-2012 📉 Mixi Denies Nikkei Report that CEO Wants to Sell 55% Stake
  • Mixi CEO Kenji Kasahara may sell his stake.
  • Mixi denies reports amid user engagement issues.
26-Jan-2012 🛍️ Mixi and DeNA Announce Social Commerce Partnership
  • Mixi, DeNA partner for social commerce
  • Online mall to launch in March with major brands
27-Jun-2011 🤝 Mixi and Nike Japan Get Results With Social Banner Ads Campaign

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