Tuesday, November 25, 2008

Sun goes bankrupt.

Sun inc, one of the leading companies focusing Second Life business in Japan goes bankrupt.

On Nov 16, Sun's CEO Okui was arrested for helping a lawyer go abroad. The lawyer, who seems to be the owner of Sun inc actually, was evading tax. Then a notice about bankrupcy was posted on Sun's website on Nov 21, stating Sun's negative networth is at least US$5 million.

Sun had released Second Life viewer for PC and mobile(Sun Inc Second Life Browser Viewer (Beta)), and was trying to built e-commerce platform called "Tokyo Zero" in Second Life(it enables users to buy real bags, clothing by Linden Dollars).

Sun's got funding from Acrodea(mobile solution provider), Hakuhodo DIY Mediapartners(agency), Fullcast Markting and Ngi(venture capital which is also the owner of 3Di inc).

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